Cost of Corrosion Study
The total annual estimated direct cost of corrosion in the U.S. is a staggering $276 billion – approximately 3.1% of the nation’s Gross Domestic Product (GDP)–Study: Corrosion Costs and Preventive Strategies in the U.S.
Various time-proven methods for preventing and controlling corrosion depend on the specific material to be protected; environmental concerns such as soil resistivity, humidity, and exposure to saltwater or industrial environments; the type of product to be processed or transported; and many other factors.–- NACE Study
The use of appropriate corrosion prevention and control methods protects public safety prevents damage to property and the environment, and saves billions of dollars in the U.S. and worldwide.–-Federally mandated NACE Study
A 2002 federal study, initiated by NACE, remains an influential industry template on costs and control of corrosion in the U.S.
Corrosion Costs and Preventive Strategies in the United States, backed by the U.S. Federal Highway Administration, estimated annual costs at the time of $276 billion.
Other study results:
- Metallic corrosion impacts nearly every U.S. industry sector.
- Corrosion management has improved historically.
- Control programs remain critical need.