Covestro

Covestro (formerly Bayer MaterialScience) was spun off from Bayer Group in 2015. The company is a market leader in polyurethane and polycarbonate products, which were discovered in the mid-20th century. It also operates a large-scale specialty chemicals business, focusing on coatings and adhesives. Demand for Covestro's products is primarily driven by cyclical end markets such as automotive, construction, and furniture.