IMPACT Canada Study

2021 IMPACT Canada Study

Canada's annual cost of corrosion is $51.9 billion USD.

What actions can be taken to lessen this impact and cost?

The study highlights the risks associated with an aging infrastructure. These risks have tremendous costs to not only that infrastructure but to productivity, and to the lives of citizens. It is imperative that corporations and governments take a broader view of these risks and the benefits of corrosion mitigation methods, and the financial implications of corrosion-related failures.

Key findings from the study:

  • $51.9 billion Annual Price Tag – This estimated annual cost of $51.9 billion in corrosion costs can be lessened with readily available corrosion mitigation practices
  • 2.98 Percent of Canada’s GDP – The annual cost of corrosion as related to GDP
  • Take a Strategic View of Corrosion Mitigation – To fully tackle corrosion’s impact, asset and facility owners must take a strategic view of managing its effects through the entire asset lifecycle
  • Adopt a Corrosion Management System (CMS) – Utilizing a CMS is needed for organizations to manage this process
  • Industry sectors highlighted in the study:
    • Energy (Oil and Gas, Pipeline, and Energy Utility
    • Manufacturing (Automotive, Steel, and Pulp and Paper)
    • Mining
    • Transportation

Learn More:

View the IMPACT Canada Report

The International Union of Painters and Allied Trades (IUPAT) is pleased to join the NACE International Northern Area and the Association for Materials Protection and Performance (AMPP) to sponsor the 2021 IMPACT Canada Study.

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Related IMPACT Cost of Corrosion Studies:

IMPACT Cost of Corrosion Study (2016)

IMPACT India Cost of Corrosion Study (2019)

Impact Study India

Read about the IMPACT Study India