Global Survey on Corrosion Costs in Manufacturing

This report presents findings from a global survey of 1,000 manufacturers across various sectors, including architecture, automotive, electric vehicles, industrial, and agricultural equipment. It addresses the significant financial impact of corrosion, which is described as a 'hidden tax' on industries, costing over US$3 trillion annually, with up to 35% of these costs deemed preventable through effective protective measures. The report outlines how manufacturers are currently managing corrosion risks, the strategies they employ, and the implications for competitiveness and sustainability. It highlights the environmental and reputational risks associated with corrosion, citing specific examples from sectors such as oil and gas, automotive, and agriculture. The study also discusses the importance of adhering to industry standards like ISO 12944 for effective corrosion protection. Overall, the report emphasizes the need for manufacturers to treat corrosion as a strategic issue to mitigate costs and enhance sustainability efforts.