FDY Yarns Market Report Overview
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global FDY yarns market size was USD 12120 million in 2022 and market is projected to touch USD 22271.28 million by 2031 at CAGR 7.0% during the forecast period.
FDY is an abbreviation for Fully Drawn Yarn, a form of polyester filament yarn. Polyester chips are melted and extruded through a spinneret to generate continuous filaments throughout the production process. These filaments are then stretched (drawn) to align the molecules and improve the strength and durability of the yarn. Fully drawn yarns are created by drawing the filaments at high speeds and temperatures to obtain maximal orientation, resulting in a yarn with great tenacity, minimal shrinkage, and good shine and dyeing qualities.
FDY yarns are widely used in textile applications such as weaving, knitting, and embroidery. They are frequently utilised in the production of textiles for apparel, home furnishings, and industrial items. These yarns are available in a variety of deniers (thicknesses), including 50D, 75D, 100D, and higher depending on the specific end-use application. The FDY yarns market is driven by the increasing demand for textile products, technological advancements, and the growing awareness of sustainable products.
COVID-19 Impact: Pandemic Hampered the Demand for Market
The epidemic has reduced demand for FDY yarns, which are used in the textile industry to make textiles, carpets, and other things. The first epidemic and subsequent lockdowns resulted in a dramatic drop in demand, as the textile sector was severely impacted by supply chain interruptions, labor shortages, and decreased consumer spending. Many textile mills were forced to close or continue operations. The pandemic has also had an impact on FDY yarn manufacturing. Lockdowns and travel restrictions have impacted the supply chain, resulting in raw material and labor shortages. As a result, the prices of these yarns have risen, affecting the profitability of textile factories.
Latest Trends
"Increasing Demand from the Textile Industry: to Fuel Market Growth"
FDY yarns are widely used in the textile industry for manufacturing fabrics and clothing. The increasing demand for apparel and home textiles is driving the growth of the yarns market. Technological advancements in the production of FDY yarn have enabled manufacturers to produce high-quality yarns with better durability and strength. This has increased the demand for these yarns in various applications. The growing concern for the environment has led to an increase in demand for sustainable textiles. FDY yarn made from recycled materials is gaining popularity as they are eco-friendly and cost-effective. These yarns are finding new applications in various industries such as healthcare, automotive, and construction. For example, FDY yarn is being used in the production of medical textiles, seatbelts, and airbags.
FDY Yarns Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into polyester FDY yarns, nylon FDY yarns, others.
- By Application Analysis
Based on application, the market can be divided into home textiles, apparel, automotive fabrics, others.
Driving Factors
"Rising Demand for Synthetic Yarns to Stimulate Market Growth"
The demand for synthetic yarns has been on the rise due to their durability, low cost, and versatility. FDY yarn is made from polyester, which is a synthetic material, making them more in demand than natural yarns like cotton or silk. Consumers are becoming more environmentally conscious and are opting for sustainable products. As FDY yarn is made from polyester, which is a recyclable material, they are considered more sustainable than other types of synthetic yarns, which is driving the FDY yarns market growth. The growth of industrialization and urbanization has increased the demand for industrial fabrics, such as geotextiles, carpeting, and automotive fabrics, which require high-quality yarns. This is expected to further drive the growth of the market.
"Huge Demand from Textile Industry to Foster Market Progress"
FDY yarns are widely used in textile applications such as weaving, knitting, and embroidery. They are frequently utilised in the production of textiles for apparel, home furnishings, and industrial items. These yarns are available in a variety of deniers (thicknesses), including 50D, 75D, 100D, and higher depending on the specific end-use application. The FDY yarns market is driven by the increasing demand for textile products, technological advancements, and the growing awareness of sustainable products.
Restraining Factors
"Fluctuating Crude Oil Prices to Restrict Market Growth "
FDY yarns are made from petrochemicals, and the prices of these raw materials are highly dependent on crude oil prices. Any sudden or significant increase in crude oil prices can affect the manufacturing costs of yarns, which can ultimately lead to higher prices for customers. The manufacturing process of yarns can result in the emission of greenhouse gases and other pollutants. Increasing environmental regulations can impose additional compliance costs on manufacturers, leading to higher production costs and potentially affecting their profitability.
FDY Yarns Market Regional Insights
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"High Demand in Asia-Pacific Anticipated to Drive Market Expansion "
Asia-Pacific holds the leading position in FDY yarns market share. This can be attributed to the presence of a large textile manufacturing industry in countries such as China, India, and Bangladesh, which are major consumers of yarns. Additionally, the growth of the construction industry and the increasing demand for home furnishings in the region have also contributed to the growth of market in this region.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Growth"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are Recron Polyester(Reliance), Filatex India, IndoRama, Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi Group, Shenghong Corp, Hengli Group, Billion Industrial, Rongsheng PetroChemical, Nanya, Toray, Lealea Group, Akra, Suzhou Longjie Special Fiber, Dodhia Group. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- Recron Polyester(Reliance)
- Filatex India
- IndoRama
- Tongkun Group
- Xin Feng Ming Group
- Zhejiang Hengyi Group
- Shenghong Corp
- Hengli Group
- Billion Industrial
- Rongsheng PetroChemical
- Nanya
- Toray
- Lealea Group
- Akra
- Suzhou Longjie Special Fiber
- Dodhia Group
Report Coverage
This report examines an understanding of the FDY yarns market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 12120 Million in 2022 |
Market Size Value By |
US$ 22271.28 Million by 2031 |
Growth Rate |
CAGR of 7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global FDY yarns market expected to touch by 2031?
The global FDY yarns market is expected to touch USD 22271.28 million by 2031.
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What CAGR is the FDY yarns market expected to exhibit during 2031?
The FDY yarns market is expected to exhibit a CAGR of 7.0% over 2031.
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Which are the driving factors of the FDY yarns market?
Increasing demand for textile products and technological advancements are the driving factors of the FDY yarns market.
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Which are the top companies operating in the FDY yarns market?
Recron Polyester(Reliance), Filatex India, IndoRama, Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi Group, Shenghong Corp, Hengli Group, Billion Industrial, Rongsheng PetroChemical, Nanya, Toray, Lealea Group, Akra, Suzhou Longjie Special Fiber, Dodhia Group are the top companies operating in the FDY yarns market.