NACE International, the Worldwide Corrosion Authority, estimates that the global cost of corrosion is $2.5 trillion a year or 3.4% of Gross Domestic Product (NACE International, 2016). In amongst these financial headlines is a huge cost to the environment. These range from structural failures resulting in environmental contamination, to harmful pollutants being released from iron corrosion, to the over-utilization of natural resources when repairing and replacing damaged metals (Hanson, 2011).
Sustainability is a critical consideration for all businesses involved in the manufacture and maintenance of goods, and the longevity of the metal assets in question across key industries such as O&G, aerospace and architecture is one of the largest drivers for innovation in the coatings industry. Maintenance is extremely costly for OEMs, and the avoidable drain on natural resources for premature replacement and repair of metal assets is now a global concern.
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