Drawn Textured Yarn (DTY) takes center stage in 2024 NFY market

The nylon filament yarn (NFY) market witnessed a significant shift in 2024. While full drawn yarn (FDY) dominated the scene in 2023 with high demand and limited supply, c (DTY) emerged as the frontrunner in 2024. This shift can be attributed to several factors:

The easing of pandemic restrictions in 2023 led to an increase in demand for clothing, particularly those with sun protection properties. This favored DTY due to its inherent breathability and ability to be woven into lightweight fabrics.

What worked for DTY is it's popularity extends beyond sun protection clothing. Its porous nature and textured quality make it ideal for a wide range of applications, including leisurewear, intimate apparel, and even trendy items like "shark pants" and "Barbie pants." According to Textile World, the global market for DTY is projected to reach $14.2 billion by 2027, indicating its growing importance. Unlike FDY, which saw a rapid increase in production capacity in response to 2023's demand, the DTY market hasn't witnessed significant expansion since 2021-2022. This creates a tighter supply-demand balance for DTY, especially as its popularity continues to rise.

The lack of major new DTY production capacity creates a scenario where existing facilities are operating at full tilt. This supply shortage, coupled with consistent demand growth, leads to backlogs and potential price increases. This trend is expected to persist due to the lengthy lead times involved in planning and commissioning new DTY manufacturing plants.

The NFY market in 2024 highlights DTY's growing significance. Its versatility, increasing demand across various sectors, and limited production capacity suggest a promising future for this type of yarn.