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This chart highlights 3M’s Revenue Breakdown By Region, across Americas, Asia Pacific, and EMEA from 2013 onwards.
3M is a multinational conglomerate offering products and services in areas like public healthcare, consumer goods, medical products, automotive care products, food safety, industrial goods, and many more.
|Region||2019||2020||YoY Growth||Revenue share 2020|
(figures in billions, except percentages)
3M’s total revenue increased from $32.14 billion in 2019 to $32.20 billion in 2020, an increase of 0.18% on a year on year basis. During the period, 3M witnessed a strong demand for its products in segments like home care, client health safety, hygiene, biopharma, etc. However, there was less demand in several segments like electronics, automotive, and office stationery. During the COVID-19 pandemic, 3M was a key manufacturer and supplier of N95 masks. In 2020, the company doubled its production of N95 masks at its manufacturing facilities in the Americas, Europe, and Asia to meet the rising demand.
3M’s revenue from the Americas rose from $16.13 billion in 2019 to $16.52 billion in 2020, a growth of 2.41% on a year on year basis. In 2020, the Americas contributed 51.30% to 3M’s total revenue.
In the Americas, the company has its manufacturing facilities in Minnesota, California, Ohio, Illinois, New York, Alaska, and Delaware. In the healthcare segment, 3M has a 5.45% market share in the United States. In the Americas, 3M’s competitors include General Electric, Emerson Electric, Honeywell International, Danaher, and Nikon Kohden.
In May 2020, the US Department Of Defence, signed a $126 million contract with 3M to produce 26 million masks per month starting from October 2020.
3M’s revenue from the Asia Pacific declined from $9.80 billion in 2019 to $9.57 billion in 2020, a decline of 2.34% on a year on year basis. In 2020, Asia Pacific contributed 29.72% to the company’s total revenue.
In Asia-Pacific, 3M has its operations in India, China, Hong-kong, Japan, Korea, Pakistan, Malaysia, Australia, New Zealand, Singapore, Sri Lanka, and Thailand. 3M’s Asia Pacific headquarters is located in Singapore. In 2020, the company signed a contract with the government of Singapore to create additional manufacturing capacity for the production of masks. In the Asia Pacific, 3M provides its products and services to various industries like Construction, Safety and Healthcare, Automobile, Electronics, and Transportation.
3M’s revenue from EMEA declined from $6.23 billion in 2019 to $6.11 billion in 2020, a decline of 1.93% on a year on year basis. In 2020, EMEA contributed 18.98% to 3M’s total revenue. EMEA includes European countries, Saudi Arabia, Africa, Qatar, and United Arab Emirates. 3M’s EMEA headquarters is located in Langenthal, Switzerland. The company employs more than 18,000 people across Europe, Middle East, and Africa.
Key brands of 3M in the EMEA are Nexcare, Ace, Command, Scotch-Brite, Scotch-Painter’s tape, Filtrete, Post-It, and Futuro. During the pandemic, the company signed an agreement with the Government of Germany to set up an additional manufacturing plant in the country.
3M is an American company offering more than 60,000 products in various segments like healthcare, office supplies, home care, adhesives, personal protective equipment, laminates, abrasives, electronics, transportation, and masking systems. Dr. J. Hanley Budd, John Dwan, Hermon Cable, Henry Bryan, and Willian McGonagle are the founders of the company.
The company’s main office is located in Maplewood, Minnesota, United States. 3M has more than 94,000 employees in 70 countries worldwide. The company has 132 office locations worldwide. 3M has 125 manufacturing facilities in 37 countries.
Over the years, 3M has acquired various companies like Acelity, Elution Technologies, Capital Safety, Scott Safety, Ivera Medical, Polypore, and Ceradyne with an aim to increase its product portfolio.
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