In this episode, we chat with Ken, Head of Growth and Innovation at Covestro, a leading company in the development of polycarbonate and thermoplastic polyurethane (TPU) products. We delve into Covestro's rich history, from its origins as part of Bayer to its expansion through strategic acquisitions in Europe and North America.
We explore the unique properties and versatile applications of TPU, highlighting its use in inflatables, medical devices, bulletproof glazing, and advanced wound dressings. Ken shares insights into Covestro's ongoing innovation efforts in the printed flexible electronics market and their collaborative approach with partners to develop and demonstrate TPU applications.
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Conversation Overview
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Introduction to Covestro and Ken's Role:
- Covestro's Head of Growth and Innovation, Ken Schwartz, is responsible for developing new business through new products or applications based on polycarbonate and thermoplastic polyurethane (TPU). This role involves identifying market opportunities and driving innovation to create value for customers.
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Covestro's History and Evolution:
- Covestro originated as part of Bayer, developing polyurethane in the 1930s and later thermoplastic polyurethane (TPU). The company has a rich history of innovation and has grown significantly over the years.
- The company expanded its specialty films business through acquisitions in Europe and North America during the 1970s, which helped to broaden its market reach and enhance its product offerings.
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TPU Properties and Applications:
- TPU combines the elasticity of rubber with the durability of thermoplastics, making it a highly versatile material. It offers benefits such as strength, temperature resistance, and the ability to be melt-processed into various thicknesses.
- It is used in a wide range of applications, including inflatables, medical devices, bulletproof glazing, and advanced wound dressings. These applications benefit from TPU's unique properties, which provide both flexibility and durability.
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Innovation in TPU:
- Covestro is actively innovating in the printed flexible electronics market, targeting this sector with a range of TPU products. These products come with different chemistries, thicknesses, and carrier options to meet various application requirements.
- The company is focused on expanding its product portfolio through continuous development efforts, aiming to meet the evolving needs of the market and stay ahead of industry trends.
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Collaboration and Ecosystem:
- Covestro collaborates with partners like ink suppliers, contract manufacturers, fabricators, and textile companies. These collaborations are crucial for developing and demonstrating TPU applications.
- They follow an iterative process involving sampling and testing with partners to refine and improve TPU products. This approach ensures that the products meet market needs effectively and maintain high standards of quality.
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Sustainability Efforts:
- Covestro focuses on sustainability by reducing carbon footprint through flexible electronics. This involves making products smaller, lighter, and more energy-efficient, which results in less material and energy use.
- The company has achieved international sustainability and carbon certification, demonstrating its commitment to environmental responsibility and sustainable practices.
