India Graphite Market Size, Share, Trends & Forecast 2033

India Graphite Market Size, Share, Trends, and Forecast by Type, Application, End-Use Industry and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29422

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India Graphite Market Overview:

The India graphite market size reached USD 866.07 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,676.30 Million by 2033, exhibiting a growth rate (CAGR) of 7.50% during 2025-2033. The market is expanding due to the rising demand in steel, automotive, and energy storage sectors. The market is driven by increasing lithium-ion battery production, government infrastructure projects, and advancements in graphite-based composites for industrial applications.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 866.07 Million
Market Forecast in 2033	USD 1,676.30 Million
Market Growth Rate (2025-2033)	7.50%

India Graphite Market Trends:

Growing Demand for Graphite in Lithium-Ion Battery Production

The rapid increase in utilization of electric vehicles (EVs) and energy storage systems is driving the demand for graphite in lithium-ion battery production in India. For instance, as per industry reports, India’s electric vehicle industry achieved record retail sales (annual) of 19,49,114 units in CY 2024, averaging 5,325 EVs sold per day. Graphite serves as a critical component in battery anodes, with natural and synthetic graphite being widely used due to their superior conductivity, stability, and efficiency. The Indian government's encouragement for EV adoption, including initiatives, encompassing FAME scheme and production-linked incentives (PLI) for pioneering chemistry cells, is accelerating graphite consumption. Additionally, the expansion of domestic lithium-ion battery manufacturing facilities is boosting the demand for high-purity graphite. Companies are focusing on securing a stable supply of battery-grade graphite, leading to increased investments in domestic mining and synthetic graphite production. With global battery-grade graphite demand rising, India is also witnessing partnerships and collaborations aimed at strengthening local production capabilities and reducing dependence on imports.

Expansion of Domestic Graphite Processing and Mining Activities

India is witnessing significant expansion in domestic graphite mining and processing activities to reduce import dependency and enhance self-sufficiency. The country has substantial graphite reserves, primarily in states such as Jharkhand, Odisha, and Arunachal Pradesh, and efforts are underway to boost exploration and extraction. For instance, as per industry reports, in November 2024, Jharkhand's non-metallic mineral production reported 72.000 Tons of graphite, rising from zero Tons in October 2024. Moreover, the Indian government is promoting domestic mining through policy support, including auctioning mineral blocks and incentivizing private sector participation. Additionally, the demand for high-purity graphite in steelmaking, foundries, and lubricants is encouraging advancements in processing technologies. Companies are investing in value-added graphite products, such as expandable graphite, spherical graphite for batteries, and synthetic graphite to meet industry-specific requirements. The expansion of domestic refining capacity is also improving the quality of locally produced graphite, making it suitable for high-end applications. These developments are positioning India as a crucial player in the graphite supply chain globally, catering to both domestic industries and international markets.

India Graphite Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, application, and end-use industry.

Type Insights:

Natural Graphite
Synthetic Graphite (FLG)

The report has provided a detailed breakup and analysis of the market based on the type. This includes natural graphite and synthetic graphite (FLG).

Application Insights:

Electrodes
Refractories, Casting, and Foundries
Batteries
Lubricants
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes electrodes, refractories, casting, and foundries, batteries, lubricants, and others.

End-Use Industry Insights:

Electronics
Metallurgy
Automotive
Others

A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes electronics, metallurgy, automotive, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Graphite Market News:

In November 2024, Epsilon Advanced Materials, an India-based company, announced collaboration with Daejoo Electronic Materials to produce a new composite of silicon-graphite. This partnership blends Daejoo's silicon with Epsilon's graphite, targeting to improve the performance and efficacy of lithium battery technology.
In October 2024, RAIN Industries Ltd., an India-based conglomerate, announced a joint development agreement between RAIN Carbon Inc. and Northern Graphite Corporation to produce as well as commercialize innovative natural graphite-based battery anode materials collaboratively for Li-ion batteries.

India Graphite Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Application End-Use Industry Region
Types Covered	Natural Graphite, Synthetic Graphite (FLG)
Applications Covered	Electrodes, Refractories, Casting, and Foundries, Batteries, Lubricants, Others
End-Use Industries Covered	Electronics, Metallurgy, Automotive, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India graphite market performed so far and how will it perform in the coming years?
What is the breakup of the India graphite market on the basis of type?
What is the breakup of the India graphite market on the basis of application?
What is the breakup of the India graphite market on the basis of end-use industry?
What is the breakup of the India graphite market on the basis of region?
What are the various stages in the value chain of the India graphite market?
What are the key driving factors and challenges in the India graphite market?
What is the structure of the India graphite market and who are the key players?
What is the degree of competition in the India graphite market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India graphite market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India graphite market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India graphite industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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