If your business doesn’t offer corrosion prevention, repair and maintenance, you are missing a massive segment of the painting and coatings marketplace. Corrosion is such a massive problem; some estimates put it past $1 trillion in damage to the U.S. economy each year.
Published reports place the total cost of corrosion in the United States at $552 billion. Direct costs account for 50% or $276 billion which include corrosion related repairs or replacements. Indirect costs account for the other 50% and include: loss of production, environmental damage, transportation disruptions, injuries and fatalities. This paper introduces the concept of Lifetime Coating Systems (LCS). LCS is a strategically engineered maintenance program designed to match coating life with asset life for products and structures with a design life of 25 to 100 years or more. LCS uses a combination of modern maintenance principles: Preventive, Predictive, and Reliability Centered Maintenance (RCM) versus customary Reactive Maintenance.