Covestro Wiki: Your Ultimate Guide to Covestro History, Products, and Innovations

Covestro: A Global Leader in Polyurethanes and Other Advanced Materials

Covestro AG is a leading global supplier of polyurethanes and other advanced materials. With headquarters in Leverkusen, Germany, the company has a global presence in over 50 countries and employs around 17,200 people. With sales of around $15.9 billion in 2020, Covestro is one of the largest chemical companies in the world.

Polyurethanes: Covestro's Core Competence

Polyurethanes are a versatile class of polymers that are used in a wide range of applications, including automotive parts, furniture, clothing, and construction materials. Covestro is a leading producer of polyurethanes, with a global market share of over 15%. The company's polyurethane products are known for their high quality, performance, and durability.

Other Advanced Materials

In addition to polyurethanes, Covestro also produces a range of other advanced materials, such as polycarbonate, thermoplastic polyurethanes (TPUs), and thermoplastic elastomers (TPEs). These materials are used in a wide variety of applications, including automotive parts, electronics, and medical devices. Covestro is constantly developing new and innovative materials to meet the needs of its customers.

Covestro's History: A Legacy of Innovation

Covestro's history dates back to 1863, when Bayer AG was founded in Germany. Bayer began producing polyurethanes in the 1930s, and in 1997, the company's polyurethane business was spun off into a separate company, Covestro. Since then, Covestro has continued to grow and expand its global reach.

Covestro's Products: A Diverse Portfolio

Covestro's product portfolio includes a wide range of polyurethanes and other advanced materials. The company's polyurethane products are used in a variety of applications, including:

Automotive parts, such as bumpers, dashboards, and seats

Furniture, such as cushions, mattresses, and upholstery

Clothing, such as spandex and Lycra

Construction materials, such as insulation and roofing Covestro's other advanced materials are used in a variety of applications, including:

Automotive parts, such as bumpers and dashboards

Electronics, such as smartphones and computers

Medical devices, such as catheters and stents

Covestro's Innovations: A Commitment to Sustainability

Covestro is committed to sustainability and innovation. The company is constantly developing new and innovative materials that are more sustainable and environmentally friendly. For example, Covestro has developed a new type of polyurethane that is made from renewable resources. Covestro is also a leading member of the Ellen MacArthur Foundation's New Plastics Economy initiative. The goal of this initiative is to create a circular economy for plastics, where plastics are reused and recycled instead of being sent to landfills.

Covestro: A Global Company with a Local Focus

Covestro is a global company with a local focus. The company has operations in over 50 countries and employs around 17,200 people. Covestro is committed to being a good corporate citizen and to making a positive impact on the communities where it operates.

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