Tag Archives: NACE

NACE International’s IMPACT Breaks New Ground in the Study of Corrosion Management

March 2016, Vol. 243, No. 3

Over past decades there have been significant studies in various parts of the world on the cost of corrosion and how it affects a country’s economy. The often-cited 2002 study, “Corrosion Costs and Preventive Strategies in the United States,”1 revealed that the total annual estimated direct cost of corrosion was $276 billion – equivalent to approximately 3.1% of the U.S. Gross Domestic Product (GDP). Studies in other countries have shown a similar percentage of GDP. Over the last two years, NACE International embarked on a new study that goes beyond the economic effects of corrosion; […]