Recent statistics highlight the significant impact of corrosion globally, underscoring its economic implications and future trends in corrosion management.

• The Global cost of corrosion is estimated at approximately $2.5 trillion. Effective corrosion management could save between **$375 billion and $875 billion** annually by utilizing existing control practices (NACE)
• The Global corrosion inhibitors market is projected to grow from $8.82 billion in 2024 to around $13.34 billion by 2034, with a compound annual growth rate (CAGR) of 4.23% during this period. This growth is driven by increasing demand across industries such as oil and gas, power generation, and chemicals (Corrosion Inhibitors Market Report 2024)
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• Global corrosion monitoring market is expected to expand significantly, from $349.94 million in 2023 to approximately $800.67 million by 2031, growing at a CAGR of 10.9%. This rise is fueled by heightened awareness in industries like oil and gas regarding the need for effective corrosion prevention measures. (Global Corrosion Monitoring Market – Industry Trends and Forecast to 2031 Report)
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• These trends indicate a growing recognition of the importance of corrosion management in safeguarding infrastructure and enhancing operational efficiency across various sectors.

The future of global infrastructure is contingent upon our capacity to:

• Establish standardized inspection methodologies


• Develop advanced protective technologies


• Develop novel material science solutions


• Reduce the likelihood of economic and safety hazards

More than an annual conference, Oman Corrosion and Material Innovation Summit is a critical convergence of leaders and experts who are dedicated to redefining the way we protect, preserve, and advance our industrial landscapes.