India Graphene Market, 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) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: October 2021
  • Report ID: BWC21140
  • Available Format: PDF
  • Page: 117

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.

Impact of COVID-19 on India Graphene Market

The sudden outbreak of the COVID-19 pandemic tremendously halted the growth of the India graphene market. The major end-users of the graphene market such as aerospace, construction, electronics, etc., are mainly manufacturing-based. However, with an adamant increase in the number of COVID-19 patients, the government imposed a strict lockdown pan India, which restricted the operations of these industries. As a result, the demand for graphene in India witnessed a sharp decline, incurring huge losses to the market. Despite this, research is being conducted around graphene and graphene-related materials as a potential candidate for designing and developing high-performance devices and components for COVID-19. These factors are likely to flourish the graphene market in the post-COVID-19 period.

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

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Product Service/Segmentation

By Type, By Application, By End User

Key Players

Adnano Technologies, AVANSA Technology & Services, Bottom Up Technology Corporation, Carborundum Universal Limited, Hexorp, KNV'S, Nanomatrix Materials, NanoResearch Elements, Nanospan, Platonic Nanotech, Ultrananotech, and other prominent players.

 

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
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Growing Potential of Graphene as Sustainable Material
        2. Growing Research and Development Activities Surrounding Graphene
      2. Market Restraints
        1. Negative Impact of Graphene on Environment
      3. Market Challenges
        1. Lack of Regulatory Framework
      4. Market Opportunity
        1. Increasing Investment in Renewable Energy Sources
        2. Expanding Automobile Production
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. India Graphene Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Type
        1. Graphene Oxide (GO)
        2. Graphene Nano Platelets (GNP)
        3. Others
      2. By Application
        1. Composites
        2. Energy Harvesting & Storage
        3. Paints, Coatings & Inks
        4. Electronics
        5. Catalyst
        6. Tire
        7. Other
      3. By End User
        1. Automotive & Transportation
        2. Aerospace
        3. Electronics
        4. Military & Defense
        5. Construction
        6. Others
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  7. Impact of COVID-19 on India Graphene Market
  8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Adnano Technologies
    2. AVANSA Technology & Services
    3. Bottom-Up Technology Corporation
    4. Carborundum Universal Limited
    5. Hexorp
    6. KNV'S
    7. Nanomatrix Materials
    8. NanoResearch Elements
    9. Nanospan
    10. Platonic Nanotech
    11. Ultrananotech
    12. Other Prominent Players
  9. Key Strategic Recommendations

 

List of Figures

 

Figure 1: India Graphene Market Segmentation

 

Figure 2: India Graphene Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: India Graphene Market Size, By Value (USD Million), 2017-2027

 

Figure 5: India Graphene Market Share (%), By Type, By Value, 2017-2027

 

Figure 6: India Graphene Market Share (%), By Application, By Value, 2017-2027

 

Figure 7: India Graphene Market Share (%), By Enterprise, By Value, 2017-2027

 

Figure 8: India Graphene Market Share (%), By End User, By Value, 2017-2027

 

 

List of Tables

 

 

Table 1: India Graphene Market Size, By Type, By Value, 2017-2027

 

Table 2: India Graphene Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 3: India Graphene Market Size, By Enterprise, By Value (USD Million), 2017-2027

 

Table 4: India Graphene Market Size, By End User, By Value (USD Million), 2017-2027

 

 

Table 5: Adnano Technologies Financial Analysis

Table 6: Adnano Technologies Business Overview

Table 7: AVANSA Technology & Services Financial Analysis

Table 8: AVANSA Technology & Services Business Overview

Table 9: Bottom-Up Technology Corporation Financial Analysis

Table 10: Bottom-Up Technology Corporation Business Overview

Table 11: Carborundum Universal Limited Financial Analysis

Table 12: Carborundum Universal Limited Business Overview

Table 13: Hexorp Financial Analysis

Table 14: Hexorp Business Overview

Table 15: KNV'S Financial Analysis

Table 16: KNV'S Business Overview

Table 17: Nanomatrix Materials Financial Analysis

Table 18: Nanomatrix Materials Business Overview

Table 19: NanoResearch Elements Financial Analysis

Table 20: NanoResearch Elements Business Overview

Table 21: Nanospan Financial Analysis

Table 22: Nanospan Business Overview

Table 23: Platonic Nanotech Financial Analysis

Table 24: Platonic Nanotech Business Overview

Table 23: Ultrananotech Financial Analysis

Table 24: Ultrananotech Business Overview

 

Market Segmentation

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
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