This is now built into Android Studio using vector icons:

https://developer.android.com/studio/write/vector-asset-studio.html#materialicon

Android Studio / Eclipse ADT template for including icon resources from https://github.com/google/material-design-icons in your project.

1. Clone this repo
2. Run git submodule update --init in the root folder to download the material-design-icons submodule
3. Copy the MaterialDesignIcons folder to your IDE templates folder:
   • Android Studio: <android-studio-folder>/plugins/android/lib/templates/other
   • Eclipse: <android-sdk-folder>/extras/templates/other

• Android Studio: Right click on your application module and select New > Other > Material Design Icons
• Eclipse: Right click on your project and select New > Other... > Android > Android Object > Material Design Icons

Based on https://github.com/jgilfelt/androidicons-adt-template

Copyright 2014 readyState Software Limited
Copyright 2014 Michael Basil

Licensed under the Apache License, Version 2.0 (the "License");
you may not use this file except in compliance with the License.
You may obtain a copy of the License at

   http://www.apache.org/licenses/LICENSE-2.0

Unless required by applicable law or agreed to in writing, software
distributed under the License is distributed on an "AS IS" BASIS,
WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
See the License for the specific language governing permissions and
limitations under the License.