Economics of wear and corrosion in Canada

摘要

Canada loses nearly $8 billion annually due to friction and wear. The total direct costs of corrosion are $23.6 billion and the cost of corrosion extrapolated to Canadian economy is $46.4 billion. Methods to combat wear and friction and corrosion when adopted will result in savings of $2 billion and $14 billion respectively. Strategies adopted in other countries along with the present scenario in Canada in combating wear and friction and corrosion control are briefly discussed.