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The 2021 IMPACT Canada Study
In 2021, the Association for Materials Protection and Performance (AMPP) released the 2021 IMPACT Canada Study, which became a valuable supplement to Shipilov’s study, titled “What Corrosion Costs Canada; Or, Can We Afford to Ignore Corrosion?” which was published by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) in 2009.
Based on Shipilov’s estimate, the 2021 IMPACT Canada Study stated that “Canada’s direct cost corrosion is estimated to be $51.9 billion [USD], amounting to 2.98 percent of Canada’s 2019 gross domestic product.”
In addition, the IMPACT Canada Study “highlights the risks associated with 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.” All this has been discussed a few years earlier in the Introduction that Shipilov wrote for the book Minimizing Infrastructure Corrosion (ed. by S.A. Shipilov, NACE International, Houston, TX, 2009) and in the interview “Exposing the Cracks: Sergei Shipilov Reveals the Perils of Corrosion,” which he gave to CIM and that was published in the March/April 2013 issue of CIM Magazine.
Key findings from the 2021 IMPACT Canada Study, emphasized by AMPP, are the same (if omit the effect of inflation) as in Shipilov’s 2009 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, and Transportation.
For more information, see 2021 IMPACT Canada Study: International Measures of Prevention, Application, and Economics of Corrosion Technologies Study for Canada, Association for Materials Protection and Performance (AMPP), Houston, Texas, 2021.