Avient Corp

XMUN:PY9

Business Description

Sector

Materials

Industry

Chemicals

Headquarters

United States of America US

Employees

9 000

IPO date

Sep 1, 2000

Avient Corp. makes specialty polymer materials and related color and additive products used to change the way plastics perform. Its products include color concentrates, performance additives, engineered polymer compounds, and other custom material formulations that help customers make plastic parts stronger, lighter, safer, more colorful, or easier to process. The company sits in the middle of the plastics value chain: it turns base materials into tailored compounds that manufacturers can drop into their own products.

Its main customers are industrial manufacturers in packaging, transportation, consumer goods, construction, healthcare, and electronics. These customers buy Avient’s materials because they need specific physical or visual properties that standard plastics do not provide. Avient earns money by selling these formulated materials and by working with customers on custom compound designs and long-term supply arrangements.

What makes the business different is that it sells know-how as much as it sells resin. Many of its products are designed around a customer’s exact application, so switching suppliers can be difficult once a formulation is approved. That makes Avient a specialized supplier rather than a commodity plastics maker.