Industry News
A 2001 report by CC Technologies for the Federal Highway Administration (FHAA) on corrosion in the United States estimated that the greater market impact of corrosion in the U.S. is $276 billion per year. http://www.corrosioncost.com
The international market for corrosion is estimated to be $1.8 Trillion worldwide, representing over 3% of the world's GDP, according to The World Corrosion Organization. http://www.corrosion.org
The estimates based on the Batelle-NBS study are that the cost of corrosion in the United States alone was approximately $70 billion, which was 4.2 % of the Gross National Product (GNP). A limited study in 1995, updating the 1975 figures estimated the total cost of corrosion at approximately $300 billion.http://www.corrosioncost.com/pdf/techbrief.pdf
Corrosion related failures constitute over 25% of failures experienced in the Oil and Gas http://www.onepetro.org/mslib/servlet/onepetropreview?id=00029784&soc=SPE