How much funding has Covestro raised?

Covestro has raised Undisclosed in total funding. Key investors include ADNOC; XRG; Bayer AG.

Who is the CEO of Covestro?

Dr. Markus Steilemann is the CEO of Covestro. The company was founded in 2015.

Where is Covestro located?

Covestro is headquartered in Leverkusen, Germany.

What funding stage is Covestro at?

Covestro is currently at the Acquired stage.

How many employees does Covestro have?

Covestro has approximately 10000+ employees.

Covestro

Name: AM Companies Database
Creator: AMPulse
License: https://creativecommons.org/licenses/by/4.0/

MaterialsLeverkusen, GermanyFounded 2015· One of 961 Materials companies tracked by AMPulse

Develops and manufactures high-performance polymer materials including filaments, powders, and resins for industrial additive manufacturing processes.

CEO / Founder: Dr. Markus Steilemann
Team Size: 10000+
Stage: Acquired
Total Funding: Undisclosed
Latest Round: Acquired
Key Investors: ADNOC; XRG; Bayer AG

Technology & Products

Key Products

Polyurethane and polycarbonate raw materials, including isocyanates and polyols for cellular foams, and precursors for coatings.

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, Dow Chemical, Huntsman, Lotte, Mitsubishi Chemicals, Saudi Basic Industries Corporation (SABIC), Teijin

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

https://www.covestro.com

Why this company matters

Covestro develops and manufactures high-performance polymer materials for industrial additive manufacturing, including filaments, powders, and resins. Spun off from Bayer MaterialScience in 2015, the company has built a broad portfolio of industrial-grade polymers optimized for functional end-use parts, with an emphasis on high-temperature stability, elasticity, and circular economy compliance.

The company's material portfolio covers polyurethane and polycarbonate raw materials, including isocyanates and polyols for cellular foams, and precursors for coatings. Proprietary formulations under the Addigy and Somos brands are tuned for specific hardware ecosystems, including DLP, SLS, and FDM, to deliver industrial-grade mechanical properties and dimensional stability. Covestro also offers specialized 2D-to-3D fabric technology and focuses on fully circular material lifecycles.

Target customers include industrial OEMs and service bureaus in aerospace, automotive, medical, and consumer goods. Notable partners and customers include INTAMSYS, Raise3D, Polymaker, EnvisionTEC, JuggerBot 3D, and BDI Additive. The company operates 48 production sites globally and reported FY2023 revenue of €14.4 billion.

Covestro's competitive position rests on the breadth of its unified polymer portfolio across all major AM processes, including high-performance TPU and soluble support materials for high-temperature applications. The company was acquired by ADNOC in 2024/2025 at a valuation of €14.7 billion. Key competitors include BASF, Dow Chemical, Huntsman, and SABIC.