Celebrate World Corrosion Awareness Day with 20% off eCourses and eBooks with code WCAD2024 at checkout!
Left unprotected, metals corrode quickly which over time contributes to the loss of structural integrity and the failure of buildings, bridges, oil & gas platforms, airplanes, cars and many other metal assets, all of which pose a risk to human safety and the surrounding environment. In 2016, the National Association for Corrosion Engineers (NACE) – now known as AMPP – published a landmark study, well-known to those attending this conference, that estimated the direct cost of corrosion to the world economy as $2.5T per year, equivalent to 3.4% of the Gross World Product (1). In the United States, the annual cost of corrosion is estimated at 3.1% of gross domestic product (2), equivalent to $635B (2018). When including indirect costs, such as asset downtime, ship dry-docking and the impact of bridge collapses, the cost of corrosion is estimated at twice that amount.
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