Cost Of Corrosion
A recently released two-year breakthrough study estimates the annual
direct cost of corrosion in the United States to be $276 billion. While
this is a sizeable number, larger than many of the world's economies, it
has been estimated that 25-30% of the total, or $70-80 billion, could be
saved by using state-of-the-art corrosion management practices. In addition
to the cost savings, corrosion can result in public and industrial safety
issues.
CC Technologies (Dublin, Ohio) conducted the research in a cooperative
effort with the U.S. Department of Transportation Federal Highway Administration
(FHWA). NACE International - The Corrosion Society worked with Congressional
representatives to secure $1 million in federal funding for the study.
The study identified the direct cost of corrosion in five major
sectors of the economy - infrastructure, utilities, transportation, production & manufacturing,
and government.
How Much is Corrosion Costing.
You?
|
