You probably don’t consider the impact of corrosion on the global economy. However, you may be surprised to find out that worldwide corrosion costs $2.5 trillion, which is almost 4% of the global GDP. Metal corrosion is a serious concern for all countries.
It is for this reason that governments around the world are focusing on initiatives to prevent and control corrosion. If you think about the costs of not having a policy for corrosion control, industries may face issues like outages, production losses and accidents due to corroded machinery.
While rust is unsightly, it can lead to costly losses for businesses. Many of these businesses lose millions because they do not understand corrosion control and protection and have poor maintenance.
Corrosion can cause thousands of leaks in water pipes, flooding and even the need to replace piping systems. Preventing and maintaining your pipes can save you a lot of money as well as prevent damage to property.
The need to replace infrastructure that has corroded is another significant problem. Preventive measures are better for the environment.
Corrosion is not only a problem for utility companies. Think about the infrastructure, planes, tanks, ships and other defence equipment of any country. All of these items must be maintained in good shape, as the cost to allow corrosion to set in can reach billions. For Aircraft part suppliers, visit www.aerfin.com/beyond-fleet-services/beyond-engine
Adopting corrosion management systems, and identifying the corrosion specific to a certain industry or organisation are two ways to resolve these issues. Corrosion control should be a part of every business strategy. It is important to ensure that materials are treated correctly.