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3M's estimated sales increase due to coronavirus 2020

Published by M. Garside, Apr 8, 2020
Consumer demand for face masks has dramatically increased globally due to the COVID-19 coronavirus, to the extent that many stores have run out of them. As one of the world's largest manufacturers of N95 respiratory masks and other protective products, it is estimated that 3M Company could have a sales boost of up more than one billion U.S. dollars in 2020 because of coronavirus-related demand. Comparatively, during the the 'swine flu' H1N1 virus pandemic in 2009-2010, 3M's sales were boosted by 350 million U.S. dollars. President Trump's administration reportedly plans to order millions of face masks from 3M.

Estimated sales boost for 3M due to COVID-19 coronavirus as of March 2020 (in million U.S. dollars)*

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Sources

Release date

March 2020

Region

Worldwide

Survey time period

2009, 2010, and 2020

Supplementary notes

* Estimated sales increase corresponding to increased sales of N95 respiratory masks and other products such as hand sanitizer that are helpful during virus epidemics.

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