In 2013, Bayer MaterialScience spent €208 million on research and development. This was about 6.5 percent of the Bayer Group’s total investment in research and development. In this way the subgroup aims to further expand its leading position in the market and in process technology as a global supplier of high-quality customized materials and system solutions. In the Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties business units, the latest technologies and production processes are employed to create new products and new applications in cooperation with customers and other external partners.
To tap possible new areas of activity, the “New Business" unit studies and evaluates innovative technology and market trends. These are then implemented in the business units or in independent companies. Bayer MaterialScience also works closely with universities, institutes and start-ups throughout the world on research and development projects.