Report Overview

India Graphene market is growing at a high rate because of the driving factors such as increasing demand for graphene in the electronics and automobile industry and growing investment towards the development of renewable energy sources.

India Graphene Market- Industry Trends & Forecast Report 2027

The India Graphene market is thriving and is estimated to grow at a CAGR of 20.1% in the forecast period. The market is growing at a high rate because of the driving factors such as increasing demand for graphene in the electronics and automobile industry and growing investment towards developing renewable energy sources. Furthermore, expanding research and development activities in the country surrounding nanomaterials is expected to boost the India graphene market in the forecast period.

India Graphene Market- Overview

Graphene is a carbon allotrope composed of a one-atom-thick sheet of carbon atoms arranged in a hexagonal lattice. It is gaining popularity due to its incredible strength and unique qualities that benefit its end-users. Graphene is 200 times stronger than steel and conducts heat and electricity with great efficiency. Furthermore, this material can strongly absorb light in all visible wavelengths. Therefore, it is prominently used in a wide range of applications including anti-corrosion coatings and paints, efficient and precise sensors, electronics, flexible displays, solar panels, etc.

India Graphene Market Forecast and Trends

Growth Drivers

Growing Potential of Graphene as Sustainable Material

Graphene is projected to emerge as a possible sustainable material, improving sustainability in a variety of industries. According to researchers, graphene can be implemented into several businesses to make them more ecologically friendly. The ability of graphene to address current and future crises concerns such as clean water is one of its strongest features. According to studies, graphene can be employed in single-state desalination or ultra-water filtering. These factors are likely to drive the graphene market in India over the forecast period.

Growing Research and Development Activities Surrounding Graphene

Due to graphene's high growth potential, it is attracting significant investments from government and private entities for research and development. Graphene research and development projects are expanding their scope and applications in numerous industries and improving how they are produced. The Indian Institute of Science has created India's first commercially available graphene-producing system in collaboration with KAS Tech. Such developments will likely drive the graphene market in India.

Restraints

Negative Impact of Graphene on Environment

Although graphene has huge growth potential for a sustainable future, its toxicity is too great to ignore. Researchers at the University of California found that graphene oxide nanoparticles spread rapidly through surface water and can get into lakes and rivers, where they could harm plants, animals, and even humans. According to the study, graphene can be a powerful environmental contaminant. This factor acts as a huge restraining factor for the growth of the India graphene market.

India Graphene Market - By Type

Based on types, the India graphene market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others. Graphene nanoparticles account for the largest market share because of their prominent use in several industries such as energy, medical devices, coatings, etc. These materials are extremely light, making them suitable for coatings and composites in the aerospace, automotive, and transportation industries. Moreover, growing R&D activities for developing graphene nanoparticles are likely to drive the market in the forecast period.

India Graphene Market - By Application

Based on applications, the India graphene market is segmented into composites, energy harvesting & storage, paints, coatings & inks, electronics, catalyst, tire, and others. Among these, the electronics segment holds the largest market share. This is because graphene is the thinnest material known but is impressively strong, flexible, and light. It also has a higher heat and electric conductivity than diamond and silver respectively. These properties make graphene ideal for use in flexible electronics. However, paints and coatings also cover a substantial share of the market.

India Graphene Market - By End-User

Based on end-users, the India graphene market is segmented into automotive & transportation, aerospace, electronics, military & defense, construction, and others. The electronics segment accounts for the largest market share because of the expanding production of electronics in the country due to various government initiatives such as Make In India. Furthermore, the high concentration of leading electronic companies in India, such as Havells, Bajaj Electronics, Jabil Circuits, Bharat Electronics Ltd., also makes the electronics segment the largest consumer of graphene in India.

Competitive Landscape

The leading players in the India graphene market are Adnano Technologies, AVANZA Technology & Services, Bottom Up Technology Corporation, Carborundum Universal Limited, Hexorp, KNV'S, Nanomatrix Materials, NanoResearch Elements, Nanospan, Platonic Nanotech, Ultrananotech, and other prominent players.

The market is highly fragmented, with the presence of several industry participants due to its relatively new nature and, therefore, holds growth potential for the new entrants as well. The market players focus on offering a wide range of products to meet the growing demand for various industries. They are also significantly investing in R&D activities to widen their product’s scope. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Developments

• In July 2021, Tirupati Graphite, UK-based graphite, and graphene company started its revenue generation at the Tirupati Graphene and Mintech Research Center (TGMRC) in India and is advancing its commercializing engagements.

• In July 2021, Nanomatrix Materials, an Indian smart material manufacturer, announced to be working on large-scale manufacturing to develop antiviral face masks, AC filters, HVAC filters, and more using the proprietary graphene technology.

Scope of the Report

By Type

• Graphene Oxide (GO)

• Graphene Nano Platelets (GNP)

• Others

By Application

• Composites

• Energy Harvesting & Storage

• Paints, Coatings & Inks

• Electronics

• Catalyst

• Tire

• Other

By End-User

• Automotive & Transportation

• Aerospace

• Electronics

• Military & Defense

• Construction

• Others