Covestro AG (Covestro) manufactures and markets polymers and plastic materials. The company's product portfolio includes toluene diisocyanate (TDI), diphenylmethane diisocyanate (MDI), polyether polyols, high performance plastic and aliphatic and aromatic isocyanates, among others. Its products are used in various industries such as automotive, packaging, medical engineering, wood and furniture, construction, electrical and electronics, sports and leisure, and textiles.

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Covestro has undertaken several R&D initiatives, focusing on digital transformation and artificial intelligence to enhance R&D capabilities. The company has implemented AI technologies to accelerate simulation processes, enabling the simulation of larger models and investigation of more material combinations in shorter timeframes. Strategic partnerships, such as with Advanced Chemistry Development Inc., have been established to drive AI-based property prediction models for chemicals. Additionally, Covestro is advancing process engineering development for bio-based raw materials and improving energy efficiency in production processes. The company has successfully commissioned a pilot plant for bio-based aniline production and is planning a demonstration plant. Innovations in production technologies, such as the use of machine learning to identify anomalies in sensor data, are being rolled out to increase plant availability. The company has 46 production sites and 13 R&D sites in EMLA, NA, and APAC regions. Covestro is working to create digital advantages for its business by expanding its research and development (R&D) activities and collaborating with major corporations, such as Google. The company is aligning its research and development (R&D) portfolio to meet the United Nations Sustainable Development Goals (SDGs) to increase its contributions further. In FY2025, the company spent EUR342 million on R&D, which as a percentage of revenue, stood at 2.6% and decreased 12.8% YoY. The company spent this amount on developing new application solutions to its products, refining products and process technologies.