德国科思创公司Covestro市场前景及投资研究报告-外文版培训课件聚合物

COMPANIES

&

PRODUCTSCovestroCHAPTER

01OverviewDemandfortoluenediisocyanateworldwidefrom2011to2023(inmillionmetrictons)GlobalTDIdemand2011-20233.02.52.512.492.372.352.282.21.981.92.01.51.00.50.0201120122016201720202021202220233Description:Thedemandfortoluenediisocyanate(TDI)worldwidein2023,wassome2.51milliontons.ThatwasaslightincreaserelativetotheglobalTDIdemandin2022,whichwasnearly2.35millionmetrictons.

ReadmoreNote(s):Worldwide;2011to2023Source(s):CovestroDemandforpolycarbonatesworldwidefrom2011to2022(inmilliontons)Globalpolycarbonatesdemand2011-20225.04.64.54.54.514.54.03.53.02.52.01.51.00.50.04.34.24.23.73.62011201220162017201820192020202120224Description:Thetotalglobaldemandforpolycarbonatesin2022wasanestimated4.51millionmetrictons,upfrom4.2milliontonsin2020.ReadmoreNote(s):Worldwide;2011to2019Source(s):CovestroDemandformethylenediphenyldiisocyanateworldwidefrom2011to2023(inmillionmetrictons)GlobalMDIdemand2011-20239878.328.238.257.356.716.465432105.134.9201120122016201720202021202220235Description:In2023,thetotalglobaldemandformethylenediphenyldiisocyanate(MDI)wassome8.32millionmetrictons.Thatwasanincreaseofapproximately70,000metrictonsincomparisonwiththepreviousyear.

ReadmoreNote(s):Worldwide;2011to2023Source(s):CovestroCHAPTER

02FinancialsRevenueofCovestrofrom2005to2023(inmillioneuros)Covestro'srevenue2005-202320,00018,00016,00017,96815,90314,61614,37714,13814,00012,00010,0008,0006,0004,0002,000012,41212,08211,90411,76111,49111,23810,83210,70610,43510,16110,1549,7389,4467,5202005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

20237Description:CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.In2023,Covestrogeneratedapproximately14.4billioneurosofrevenue,thehighestamountintheconsideredtimeperiod.ReadmoreNote(s):Worldwide;2005to2023Source(s):CovestroRevenueofCovestroin2023,byregion(inmillioneuros)Covestro'srevenuebyregion2023Revenueinmillioneuros01,0002,0003,0004,0005,0006,0007,000Europe,MiddleEast,AfricaandLatinAmerica*AsiaandPacificregion5,9414,701NorthAmerica**3,7358Description:In2023,Covestrogeneratedaround5.9billioneurosofrevenueinEurope,theMiddleEast,Africa,andLatinAmerica(excludingMexico).CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2023;*LatinAmericaexcludingMexico.**IncludestheUnitedStates,Canada,andMexico.Covestroisaspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayer[...]

ReadmoreSource(s):CovestroDistributionofCovestro'srevenuein2023,byend-marketCovestro'srevenuedistributionbyend-market2023Chemicals8%Electrical,electronics&householdappliances10%Sports/leisure,cosmetics,health,diverseindustries34%Furniture&wood14%Construction17%Automotive&transportation17%9Description:In2023,Covestro'sConstructionend-marketaccountedfora17percentshareofthecompany'stotalrevenue.Covestro'stotalsalesin2023amountedto14billioneuros.

ReadmoreNote(s):Worldwide;2023Source(s):CovestroNetincomeofCovestrofrom2014to2023(inmillioneuros)Covestro'snetincome2014-20232,5002,0092,0001,8231,6161,5001,0005000795552459343272-198-272-500201420152016201720182019202020212022202310Description:In2023,Covestroreportedanetlossofaround198millioneuros.CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2014to2023Source(s):CovestroTotalassetsofCovestroin2014to2023(inmillioneuros)Covestro'stotalassets2014-202318,00015,57116,00014,00012,00010,0008,0006,0004,0002,000014,58513,63712,92411,51811,34111,08410,53110,39210,234201420152016201720182019202020212022202311Description:In2023,Covestrohadtotalassetsamountingtoapproximately13.64billioneuros,adecreaseincomparisontothepreviousyear.CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2014to2023Source(s):CovestroEBITDAofCovestrofrom2014to2023(inmillioneuros)Covestro'sEBITDA2014-20234,0003,4353,5003,0002,5002,0001,5001,0005003,2003,0852,0141,6041,6171,47220201,41920151,12220141,0802023020162017201820192021202212Description:In2023,CovestroreportedanEBITDAofapproximatelyonebillioneuros.CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2014to2023Source(s):CovestroCovestro'snumberofemployeesfrom2014to2023Covestro'snumberofemployees2014-202320,00018,01317,55717,61918,00016,00014,00012,00010,0008,0006,0004,0002,000017,14216,73616,60716,17615,76115,57914,348201420152016201720182019202020212022202313Description:In2023,Covestrohad17,619employees.CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2014to2023Source(s):CovestroResearchanddevelopmentexpenseofCovestrofrom2014to2023(inmillioneuros)Covestro'sresearchanddevelopmentspending2014-2023400350300374361341274276266262257259250200150100502120201420152016201720182019202020212022202314Description:In2023,Covestrospentapproximately374millioneurosonresearchanddevelopment.CovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2014to2023Source(s):CovestroCHAPTER

03SegmentsRevenuedistributionofCovestroin2023,bysegmentCovestro'srevenuesharebysegment2023Other2%Solutions&Specialties50%PerformanceMaterials48%16Description:Covestro'ssalesin2023amountedtoapproximately14billioneuros.Ofthatamount,thecompany'sSolutions&Specialtiessegmentaccountedforthelargestshare,at50percentoftheannualrevenuein2023.ꢀCovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2023Source(s):CovestroSalesrevenueofCovestro'sPerformanceMaterialssegmentfrom2020to2023(inmillioneuros)Covestro'sPerformanceMaterialsrevenue2020-202310,0009,0008,0007,0009,0958,1426,8766,0005,0004,0003,0002,0001,00005,468202020212022202317Description:Covestro'sPerformanceMaterialssegmentrevenuein2023amountedtoaround6.9billioneuros,adecreasewhencomparedtothepreviousyear.Thatamountalsocorrespondedtoa47.8percentshareofthecompany'stotalannualrevenuethatyear.ꢀCovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.

ReadmoreNote(s):Worldwide;2020to2023Source(s):CovestroSalesrevenueofCovestro'sSolutions&Specialtiessegmentfrom2020to2023(inmillioneuros)Covestro'sSolutions&Specialtiesrevenue2020-20239,0008,0007,0006,0008,5587,5547,2675,0605,0004,0003,0002,0001,0000202020212022202318Description:Covestro'sSolutions&Specialtiessegmentrevenuein2023amountedtoaround7.3billioneuros.Thatamountcorrespondedtoa50.5percentshareofthecompany'stotalannualrevenuethatyear.ꢀCovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2020to2023Source(s):CovestroCHAPTER

04CompetitorsRevenueoftheleadingchemicalcompaniesinEuropeinFY2022(inbillioneuros)LeadingEuropeanchemicalcompaniesbasedonrevenueFY2022Revenueinbillioneuros30010204050607080BASFSELyondellBasellIndustriesNVUmicoreNV/SA72.3637.9721.61BrenntagSE17.61JohnsonMattheyPLCShin-EtsuChemicalCoLtdEvonikIndustriesAGYaraInternationalASACovestroAG16.4816.071615.931514Solvay20Description:TheleadingchemicalcompanyinEuropebasedonrevenueasofthe2022fiscalyearwasBASF.TheGermany-basedchemicalcompanygeneratedarevenueofapproximately72.36billioneuros.Thiswasalmost35billioneurosmorethantherevenuerecordedbyBASF’snearestcompetitorthatyear,theDutchcompanyLyondellBasellIndustries.BASFoperatesglobally,withoperationsinchemicals,plastics,performanceproducts,functionalandagriculturalsolutions,andoilandnatural[...]ReadmoreNote(s):Europe;January2023Source(s):ThomsonReuters;Varioussources(companydata)Covestro'smarketshareofselectedportfoliomaterialsasof2023,bymaterialCovestro'smarketsharebymaterial2023Shareofcapacity15%0%5%10%20%25%30%35%40%45%AliphaticisocyanatederivativesPolyurethanedispersionsTolylenediisocyanate(TDI)Polycarbonates40%24%23%21%Methylenediphenyldiisocyanate(MDI)Polyetherpolyols17%9%21Description:In2023,Covestrohelda40percentshareoftheglobalmarketforaliphaticisocyanatederivatives.Thesecond-largestmaterialmarketsharethatCovestrohadatthattimewaspolycarbonates,at23percentoftheglobalmarket.ꢀCovestroisaBayerspinoutthatwasformedinautumn2015.ItwasformerlythematerialssciencedivisionofBayer,knownasBayerMaterialScience.Thecompanyismainlyinvolvedintheproductionofhigh-tech­polymers.ReadmoreNote(s):Worldwide;2022Source(s):CovestroLeadingEuropeanchlorineproducingcompaniesin2023,basedoncapacity(in1,000metrictons)ProductioncapacityofleadingEuropeanchlorineproducingcompanies2023Productioncapacityinthousandmetrictons02004006008001,0001,2001,4001,6001,8002,000DowCovestro1,8771,4801,414INEOSNobian1,140KEMONE674BASF595BorsodChemWestlakeVinnolitRuncornMCPINOVYN48045544043822Description:WithproductionsitesinseveraldifferentEuropeancountries,thegermancompanyCovestrorankedsecondinthelistofchemicalcompanieswiththelargestchlorineproductioncapacityinEurope.Covestro'schlorineproductioncapacitywithinEuropeamountedtoatotalof1.48millionmetrictonsasofJanuary1st,2023.ReadmoreNote(s):Europe;asofJanuary1,2023Source(s):EuroChlorCHAPTER

05OutlookMarketvalueofpolyurethaneworldwidefrom2015to2022,withaforecastfor2023to2030(inbillionU.S.dollars)Globalpolyurethanemarketvalue2015-20301009093.4890.1586.9283.6980.2876.838073.5970.1167.1370605040302010063.1460.7259.8756.1151.7847.7744.02201520162017201820192020202120222023*2024*2025*2026*2027*2028*2029*2030*24Description:Themarketvalueofpolyurethaneamountedtoroughly67.13billionU.S.dollarsin2022.Itisforecastthattheglobalpolyurethanemarketwillbeworthsome93.48billionU.S.dollarsintheyear2030.ReadmoreNote(s):Worldwide;2015to2022;*ForecastbasedonaCAGRof4.2percentfrom2023-2030.ReadmoreSource(s):AgileIntelResearch(ChemIntel360)Marketsizeofthermoplasticpolyurethaneworldwidein2021,withaforecastto2030(inbillionU.S.dollars)Globalthermoplasticpolyurethanemarketsize2021-20305.04.54.03.53.04.722.522.52.01.51.00.50.020212030*25/statistics/730627/global-thermoplastic-polyurethane-market-size-forecastTheglobalthermoplasticpolyurethane(TPU)marketwasvaluedat2.52billionU.S.dollarsin2021.Projectionsshowthemarketwillreachavalueof4.72billionU.S.dollarsby2030,registeringaCAGRof7.2duringtheforecastperiodof2022to2030.ReadmoreNote(s):Worldwide;2021;*ProjectionbasedonCAGRof7.2%duringthe2022-2030period.ReadmoreSource(s):StraitsResearchMarketvalueofpolycarbonateworldwidefrom2024to2029(inbillionU.S.dollars)Globalpolycarbonatemarketvalue2024-2029353025201510528.8420.62020242029*26/statistics/1102692/global-polycarbonate-market-sizePolycarbonate(s),oftenabbreviatedtoPC,isagroupofthermoplasticpolymersthatcontaincarbonategroupsintheirchemicalstructures.Thisglass-likeplastichadaglobalmarketvalueamountingtomorethan20.62billionU.S.dollarsin2024.

ReadmoreNote(s):Worldwide;20