Corrosion’s maleficent effects are well known worldwide. To suppress its deleterious effect, many researchers have explored various techniques. A most recent development is the use of microcapsule embedded coatings, which offer sustainable and long-lasting protection against corrosion and have proven effective in controlling the corrosion rate by releasing the corrosion-inhibiting material depending upon the pH of the environment. Researchers have invested in the microcapsules for slower release of the corrosion-inhibiting agents. In our work, the emphasis was to explore the wide range of shell materials that are compatible with various corrosion-inhibiting agents such as quinoline, azoles, and MBT. It was deduced that the limitations of bio-based shell materials such as chitosan and ethyl cellulose can be overcome by adopting the proper synthesis technique for encapsulation. Also the efficiency of the shell material to limit corrosion inhibition was studied. It was concluded that urea-formaldehyde and other amino resin shells were used in vast ranges due to their peculiar properties of encapsulating a wide range of compounds. Also, they were found to be effective in developing dual-shell and hybrid-shell materials. Other shell materials such as acrylates and polystyrene were found to be effective in encapsulating the complex structure, which possesses sites for storing the corrosion inhibitors for slow release of the compound.