Cor-Pro Systems, Inc. is the leading provider of affordable and customized corrosion protection services in Houston, Texas and nearby Gulf Coast areas.
In the 1998 estimate done by NASA, the total cost of corrosion is approximately $276 billion annually. This estimate is now unreliable since it’s outdated and incomplete.
In 2013, the National Association of Corrosion Engineers made a significant milestone by publishing an in-depth study that looked into the debilitating impact of corrosion on the U.S. economy.
The study scrutinized the 1998 figures and calculated the present cost of corrosion while taking into consideration the inflation rate.
In this widely cited study, NACE reported that the total cost of corrosion, in the U.S. alone, is more than $1 trillion annually. Around the world, the cost of corrosion is probably over $5 trillion (with the assumption of 6% the GWP of 84.97 trillion in 2012).
With this alarming cost of corrosion, it is surprising that governments and industries are paying little attention to corrosion prevention and control measures except in high risk areas like pipelines and aircraft.
The cost of corrosion in Houston and other U.S. states is more than 6.2% of GDP – among the biggest single expenses in the economy of United States.
It is a perfect time for corrosion professionals to take a strong stand and to work together in educating governments, industries, and the public about the debilitating cost of corrosion.
Cor-Pro, the leading provider of corrosion protection services in Houston and nearby Gulf Coast areas, is firm in its commitment of increasing the awareness about corrosion, the devastating effects, and the effective ways to limit and control it.
Cor-Pro’s services are not only geared to prevent corrosion advancement, but also to lower the direct and indirect costs of its clients.
Read on to know more about Cost of Corrosion Houston and how Cor-Pro works with stakeholders to identify effective corrosion protection methods.
From $276B to $1 Trillion – What Is The Real Cost Of Corrosion Houston?
For over 150 years, experts made significant studies about corrosion. Compared to natural disasters such as severe weather disturbances and earthquakes, corrosion causes expensive and dangerous damage to almost everything from bridges, pipelines, and public buildings to water, wastewater systems, vehicles, and even home appliances.
But unlike weather disturbances, corrosion has time-proven methods that can control and eliminate its damages to the economy, public safety, and the environment.
By the end of this year, corrosion will cost the economy of United States more than $1 trillion. How can this happen? In the 1998 study conducted by corrosion engineers of NACE, the direct cost of corrosion amounted to $276 billion. The assumption is that indirect cost amounts to as much as the direct costs.
As a matter of fact, corrosion does not only cost money, but also lives because of the associated dangers of failing equipment.
To further understand the rapid shift of corrosion costs, look at the numbers first:
1998: direct cost of corrosion amounted to $276 billion, about 3.1% of GDP.
2013: direct cost of corrosion amounted to $500.7 billion, also about 3.1% of GDP (15.1 trillion).
In the 1998 study that claimed indirect cost as greater than or equal to the direct cost, which in this case is 3.1% ($500.7 billion) of GDP, therefore, the total cost of corrosion equals to $1001.4 billion annually.
Direct and indirect cost of corrosion is now equivalent to 6.2% of the nation’s GDP.
Contributing Factors In The Cost Of Corrosion Houston
The cost of corrosion calculates all the expenses related to solving the progression of corrosion. Direct costs of corrosion include those attributable to corrosion, which can be: (1) manufacturing, design, and construction and (2) corrosion management costs.
Cost of manufacturing, design, and construction include:
- Material selection
- Protection technologies
- Corrosion allowance
- Corrosion prevention measures costs (equipment, labor, and overhead)
Corrosion management costs include:
- Corrosion-related inspection, maintenance, and repairs
- Material replacement of corroded parts identified during operation or inspections.
- Maintenance and inventory of back up components
- Refurbishment and rehabilitation
- Operational losses (production time)
In some instances, operators incur charges because of taxes, penalties, litigation, and these expenses become direct costs already.
Indirect costs of corrosion include all the expenses incurred by anyone else except for operators and owners of a facility, making the identification and measurement of indirect cost more complicated than direct costs.
Thus, risk-based analyses are often necessary to evaluate indirect costs. Problems associated with failure of equipment secondary to corrosion issues like electrical failure are part of the computation of indirect costs.
Indirect costs have monetary value because it aids in the computation of corrosion management costs and also helps in the formulation of effective long-term approach in mitigating corrosion.
Managing Cost Of Corrosion By Cor-Pro Systems, Inc.
Cor-Pro knows how important it is to manage production and operational costs, that’s why it offers reasonably priced and customized corrosion protection, prevention, and control methods to help its clients.
Cor-Pro offers the following services to help manage cost of corrosion:
- Epoxy Coatings
- 1-Hour Cure Epoxies
- Urethane Coatings
- Zinc Primers
- Enamels
- Thermal-Cured Thin Film (Xylan, Ceramic, Metallic, Thin Film Epoxy Moly, etc)
- Wear-Resistant Coatings
- High Temperature Coatings
- Abrasive Blasting (complete line of abrasive media available)
- Alternative profile achievement for areas not allowing blast.
Cor-Pro Systems, Inc is OHSAS 18001:2007 and ISO 9001:2008 certified. Both certification conferred by Verisys Registrars.
About Cor-Pro Systems
Cor-Pro’s is the leading provider of corrosion protection services in Houston and Gulf Coast because of the company’s commitment of reducing direct and indirect costs of corrosion through their best practices, high quality products, and highly skilled personnel.
With close to 30 years of experience in the corrosion management industry, Cor-Pro was able to work with a number of clients that have different corrosion problems. This enabled the company to further improve their knowledge and service, making each service customized and cost-effective.
Cor-Pro’s tried and tested products and services effectively lower cost of corrosion and helps companies to maximize profits.
Reduce The Cost Of Corrosion Houston Through Cor-Pro Systems, Inc.
If you have questions about our corrosion management services in Houston or want to get a custom quote for your particular corrosion protection need, contact us at 713-896-1091, or send us an e-mail at quotes@cor-pro.com.