August 2018, Vol. 245, No. 8

Features

NACE’s Impact Study

Over past two decades there have been significant studies in various parts of the world on the cost of corrosion and its effects on the economy. The often-cited 2002 study, “Corrosion Costs and Preventive Strategies in the United States,” revealed that the total annual estimated direct cost of corrosion was $276 billion – equivalent to about 3% of the U.S. gross domestic product (GDP). NACE International embarked on a study that went beyond the economic effects of corrosion to focus in depth on its impact in energy, utilities, transportation and infrastructure segments. The results of "The NACE International IMPACT Study" were first reported in 2016 and are now ava