Covestro's market share by material 2023
In 2023, Covestro held a 40 percent share of the global market for aliphatic isocyanate derivatives. The second-largest material market share that Covestro had at that time was polycarbonates, at 23 percent of the global market.
Covestro is a Bayer spinout that was formed in autumn 2015. It was formerly the materials science division of Bayer, known as Bayer MaterialScience. The company is mainly involved in the production of high-tech polymers.