Covestro
Develops and manufactures high-performance polymer materials including filaments, powders, and resins for industrial additive manufacturing processes.
- CEO / Founder
- Markus Steilemann
- Team Size
- 10000+
- Stage
- Acquired
- Total Funding
- $4.04B
- Latest Round
- Acquired
- Key Investors
- ADNOC; XRG; Bayer AG
Technology & Products
Key Products
Addigy® FPC SOL1 HT; Arnitel® 1 AM3001; Addigy® PPU 86AW6; Somos® PerFORM HW; Desmosint®; Luvosint®
Technological Advantage
Proprietary material formulations (Addigy®, Somos®) optimized for specific hardware ecosystems (DLP, SLS, FDM) to ensure industrial-grade mechanical properties and dimensional stability.
Differentiation
Value Proposition
Provides a comprehensive portfolio of industrial-grade polymers optimized for functional end-use parts, offering high-temperature stability, elasticity, and circular economy compliance.
How They Differentiate
Offers a unified portfolio across all major polymer AM processes (FDM, SLS, SLA, DLP) with a unique focus on high-performance TPU and soluble support materials for high-temperature applications.
Market & Competition
Target Customers
Industrial OEMs and service bureaus in aerospace, automotive, medical, and consumer goods sectors.
Industry Verticals
Aerospace; Automotive; Medical; Consumer Goods; Building/Construction; Electronics
Competitors
BASF Forward AM; Evonik; Arkema; Henkel
Growth & Milestones
Growth Metrics
FY2023 Revenue of €14.4B ($15.3B); 17,500+ employees; 48 production sites globally; 95.1% stake acquired by ADNOC in 2024/2025 at a valuation of €14.7B
Major Milestones
2015: Spun off from Bayer MaterialScience as an independent company; Acquired the additive manufacturing business from DSM; Established global 3D printing labs in Germany, China, and the USA; Stratasys completed the acquisition of Covestro's additive manufacturing business
Notable Customers
Era Polymers; Ørsted; Heraeus; Air Fom; JuggerBot 3D; BDI Additive