Covestro Competitors and Similar CompaniesClear all

Covestro's competitors and similar companies include VELOX, Formosan Rubber Group and Eastman.

	Covestro Covestro is a company that manufactures polymer materials and components.	VELOX VELOX is a company that distributes raw materials and provides solutions for the plastics, composites, additives, rubber, paints and coatings industries.	Formosan Rubber Group Formosan Rubber Group (FRG, 厚生股份有限公司) is a company that manufactures plastic, rubber, and synthetic leather products.	Eastman Eastman Chemical is a specialty materials company specializing in chemical processes and polymer science.
Founding Date	Founding Date 2015	Founding Date 1993	Founding Date 1952	Founding Date 1920
Type	Type Public	Type Subsidiary	Type Public	Type Public
Tags	Tags Manufacturing & Industrial chemicals coatings plastic polymers	Tags Manufacturing & Industrial chemicals coatings distribution engineering plastic polymers	Tags Manufacturing & Industrial coatings plastic polymers	Tags Manufacturing & Industrial advanced materials chemicals coatings plastic polymers
Locations	Locations Leverkusen, DE HQ São Paulo, BR Shanghai, CN Brunsbüttel, DE Dormagen, DE Krefeld, DE Leverkusen, DE see more	Locations Hamburg, DE HQ Varese, IT Barcelona, ES	Locations Taipei, TW HQ Shanghai, CN Hong Kong, HK Taipei, TW	Locations Kingsport, US HQ Castle Hill, AU Antwerpen, BE Gent, BE Gent, BE Gent, BE Merelbeke, BE see more
Employees	Employees 17,660	Employees 901% decrease	Employees 1915% decrease	Employees 13,0007% decrease
Valuation ($)	Valuation ($) 11.9 b	Valuation ($) N/A	Valuation ($) N/A	Valuation ($) 12.3 b
Financial
Revenue (est.)	Revenue (est.) €12.9b (FY, 2025)	Revenue (est.) N/A	Revenue (est.) NT$1.5b (FY, 2024)	Revenue (est.) $8.8b (FY, 2025)
Cost of goods	Cost of goods €10.1b (FY, 2025)	Cost of goods N/A	Cost of goods NT$903.5m (FY, 2024)	Cost of goods $6.9b (FY, 2025)
Gross profit	Gross profit €3b (FY, 2025)	Gross profit N/A	Gross profit NT$584.1m (FY, 2024)	Gross profit $1.8b (FY, 2025)
Net income	Net income (€643m) (FY, 2025)	Net income N/A	Net income NT$573.5m (FY, 2024)	Net income $475m (FY, 2025)
Operating ⚠
Countries	Countries 66 (FY, 2021)	Countries N/A	Countries N/A	Countries 12 (FY, 2022)

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VELOX

Hamburg, DE

VELOX is a company that distributes raw materials and provides solutions for the plastics, composites, additives, rubber, paints and coatings industries.

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Formosan Rubber Group

Taipei, TW

Employees

191↓ 5% decrease

Formosan Rubber Group (FRG, 厚生股份有限公司) is a company that manufactures plastic, rubber, and synthetic leather products.

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Eastman

Kingsport, US

Employees

13,000↓ 7% decrease

Eastman Chemical is a specialty materials company specializing in chemical processes and polymer science.