Use of protective coatings is one of the most preferred way to protect the metal structures from corrosion. Enormous work is going on various new concepts and technology to develop novel coating raw materials, formulations, application methods etc. to obtain maximum corrosion resistance from applied coating. This new concept includes use of metal conversion coating, use of nano-particles in the coating formulation, use of conductive polymers in coating formulation etc. Graphene nano particles because of its outstanding properties mentioned here above found to be a one of the best choice for corrosion resistance coatings. Though improving the corrosion resistance of the coating is a key agenda for formulating such coating, environmental aspect need to keep in mind while formulating coating formulation. Use of organic solvents in any coating formulation significantly contribute the VOC of the coating. As per the environmental safety aspect having high VOC of the coating is going to biggest challenge to coating formulator. Therefore, it is time to think about eco-friendly coating formulation for corrosion resistance application.