As highlighted in our Products section, Avient has a highly technical and broad portfolio of materials solutions that help our customers—and our planet—be more sustainable.
These sustainable solutions have and will continue to comprise a growing portfolio for our company, as demand increases across the globe and canvasses many end markets. As a result, Avient revenue from sustainable solutions has more than tripled compared to 2016.
In 2023, we delivered $1,135 million in sustainable solutions sales, now representing a third of our overall revenue. Although our sustainable solutions revenue declined slightly in 2023 due to inventory destocking, sustainability continues to be a key secular growth trend that will require innovative solutions.
And as we look to the future, we expect our sustainable solutions portfolio to gain even more importance among our customers and their end users.