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% |
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.
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:
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:
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:
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:
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.
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.
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:
|
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:
Key Benefits for Stakeholders: