Avient Profile
Avient Corporation operates as a formulator of specialized and sustainable material solutions.
The company’s products include specialty engineered materials, performance fibers, advanced composites and color and additive systems. The company is also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and fluoropolymer and silicone colorants. The company’s end markets include consumer, packaging, defense, healthcare, industrial, transportation, building and construction, telecommunications and energy.
Segments
The company operates through two segments, Color, Additives and Inks; and Specialty Engineered Materials.
Color, Additives and Inks
Color, Additives and Inks is a leading formulator of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks. Color and additive solutions include an innovative array of colors, special effects and performance-enhancing and sustainable solutions. When combined with polymer resins, the company’s solutions help customers achieve differentiated specialized colors and effects targeted at the demands of highly design-oriented consumer and industrial end markets. The company’s additive concentrates encompass a wide variety of performance and process enhancing characteristics and are commonly categorized by the function that they perform, including UV light stabilization and blocking, antimicrobial, anti-static, blowing or foaming, antioxidant, lubricant, oxygen and visible light blocking and productivity enhancement. Of growing importance is its portfolio of additives that enable the company’s customers to achieve their sustainability goals, regarding improved recyclability, reduced energy use, light weighting, and renewable energy applications. The company’s colorant and additives concentrates are used in a broad range of polymers, including those used in medical and pharmaceutical devices, food packaging, personal care and cosmetics, transportation, building products, wire and cable markets. The company also provides custom-formulated liquid systems that meet a variety of customer needs and chemistries, including polyester, vinyl, natural rubber and latex, polyurethane and silicone. The company’s offerings also include proprietary inks and latexes for diversified markets such as recreational and athletic apparel, construction and filtration, outdoor furniture and healthcare. The company’s liquid polymer coatings and additives are largely based on vinyl and are used in a variety of markets, including consumer, packaging, healthcare, industrial, transportation, building and construction, wire and cable, textiles and appliances. Color, Additives and Inks has manufacturing, sales and service facilities located throughout North America, South America, Asia, Europe, Middle East, and Africa.
Specialty Engineered Materials
Specialty Engineered Materials is a leading formulator of specialty and sustainable polymer formulations, services and solutions for designers, assemblers and processors of thermoplastic materials across a wide variety of markets and end-use applications. The company’s product portfolio includes specialty formulated high-performance polymer materials that are manufactured using thermoplastic resins and elastomers, which are then combined with advanced polymer additives, reinforcement, filler, colorant and/or biomaterial technologies. The company also has the broadest composite platform of solutions, which include a full range of thermoset and thermoplastic composites, reinforced with glass, carbon, aramid, and ultrahigh molecular weight polyethylene fibers. These solutions meet a wide variety of unique customer requirements for sustainability, in particular light weighting. The company’s technical and market expertise enables it to expand the performance range and structural properties of traditional engineering-grade thermoplastic resins to meet evolving customer needs. Specialty Engineered Materials has manufacturing, sales and service facilities located throughout North America, Europe, and Asia. The company’s product development and application reach is further enhanced by the capabilities of its Innovation Centers in the United States, Germany, The Netherlands and China, which produce and evaluate prototype and sample parts to help assess end-use performance and guide product development. The company’s technical and market expertise enables it to expand the performance range and structural properties of traditional engineering-grade thermoplastic resins to meet evolving customer needs. The company’s sales are primarily to customers in the United States, Canada, Mexico, Europe, South America and Asia, and the majority of its assets are located in these same geographic areas.
Methods of Distribution
The company sells products primarily through direct sales personnel, distributors, and commissioned sales agents. The company primarily uses truck carriers to transport its products to customers, although some customers pick up product at its manufacturing facilities or warehouses.
Seasonality
Sales of the company’s products and services are typically seasonal, as demand has historically been slower in the third and fourth calendar quarters of the year (year ended December 31, 2023).
Research and Development
The company’s investment in product research and development was $90.3 million in 2023.
History
The company was founded in 1885. It was incorporated in 2000. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in 2020.
