Global and economic effects of corrosion - An overview

Corrosion has been in existence since man began to process ores into metals. Corrosion is the deterioration of a metal due to its interaction with its environment. This paper highlights the global and economic effects of corrosion in the society and amongst various industries. Extensive research is required regarding corrosion control methods and this should be carried out by companies and countries concerned. Failure to do so would result in more damage than could be predicted. Extreme consequences of corrosion are seen in loss of lives as well as buildings, bridges, etc. High rise structures have collapsed due to deterioration of certain parts of their construction material. Some developed countries already spend millions of dollars on extensive research on the control of corrosion so as to prevent losses of property and lives.