Avient Corporation (Avient) operates as an innovator of materials solutions within the polymer industry.
The company's products include specialty engineered materials, performance fibers, advanced composites, and color and additive solutions. The company is also a highly specialized developer and manufacturer of performance-enhancing additives, liquid colorants, and silicone colorants.
The company has 102 manufacturing sites in North America, South America, Asia, Europe, the Middle East, and A...
Avient Corporation (Avient) operates as an innovator of materials solutions within the polymer industry.
The company's products include specialty engineered materials, performance fibers, advanced composites, and color and additive solutions. The company is also a highly specialized developer and manufacturer of performance-enhancing additives, liquid colorants, and silicone colorants.
The company has 102 manufacturing sites in North America, South America, Asia, Europe, the Middle East, and Africa (EMEA). The company conducts a substantial portion of its business outside the U.S., with approximately 60% of its sales outside the U.S. Using formulation expertise, materials science and operational capabilities, the company creates an essential link between large chemical producers (its raw material suppliers) and designers, assemblers and processors of polymers (its customers). The company's end markets include consumer, packaging, defense, healthcare, industrial, transportation, building and construction, telecommunications, and energy.
The company has the scientific know-how in materials science required to bridge the large, commodity base resin producers and the companies who ultimately manufacture end products utilizing formulated polymer and composite materials.
Segments
The company operates in two reportable segments: Color, Additives and Inks; and Specialty Engineered Materials.
Color, Additives, and Inks
Color, Additives, and Inks is a leading innovator of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks. The 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 today’s highly design-oriented consumer and industrial end markets. The 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 the company's portfolio of additives that enable its customers to achieve their sustainability goals, regarding improved recyclability, reduced energy use, light weighting, and renewable energy applications. The 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 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, the Middle East, and Africa.
Specialty Engineered Materials
Specialty Engineered Materials is a leading innovator of specialty polymer materials, 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 composite platform of solutions, which includes 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, 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 in a variety of markets, including defense, consumer, industrial, transportation, energy, building and construction, and healthcare. Specialty Engineered Materials has manufacturing, sales, and service facilities located throughout North America, Europe, and Asia. The company's product development and application reach are 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.
Seasonality
Sales of the company's products and services are typically seasonal, as demand has historically been slower in the third and fourth quarters of the calendar year (for the year ended December 31, 2024). In addition, the company’s defense business is, in part, associated with tenders and project-based work.
Research and Development
The company's investment in product research and development was $98.7 million in 2024.
Methods of Distribution
The company sells products primarily through direct sales personnel, distributors, and commissioned sales agents. It primarily uses truck carriers to transport its products to customers, although some customers pick up products at the company’s manufacturing facilities or warehouses.
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.