AbstractMild steel (MS) corrosion is a worldwide issue that greatly affects the industrial and natural environment. To extend the lifespan of appliances, the control of MS corrosion is necessary. To shield MS from corrosion, specifically from acidic conditions, one of the practical and finest approaches is the application of inhibitors. Triazole derivatives are eco-friendly corrosion inhibitors (CIs) having inconsequential toxicities, excellent inhibition efficiencies (IEs) against corrosion of MS, and extremely high cost-effectiveness. This critical review discusses the general effect of temperature, concentration, time after the application of CI, and type of acid on the IE of triazole derivatives. Further, the review provides an adequate amount of information about the features of excellent CIs; a summary of the reported properties of triazole-based inhibitors, CIs in industries, and current requirements of industries; and recommendations and implications for researchers to improve IE. Additionally, the review also illustrates the mechanisms of action and the IEs, which are evaluated from potentiodynamic polarization parameters, in various acidic media and concentrations of triazole inhibitors. By IE correlation with numerous concentrations and acidic conditions, this review is advantageous and helpful for synthetic chemists to expand the diversity and complexity of a class of triazole derivatives by synthesizing new triazole derivatives.