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HAZARDOUS WASTE CLEANUP MARKETS TO MUSHROOM TO $11 BILLION BY 1999

 MOUNTAIN VIEW, Calif., June 29 /PRNewswire/ -- The U.S. hazardous waste cleanup market will more than triple from $3.4 billion in 1992 to $11.2 billion by 1999, growing at an 18 percent compound annual rate, projects a new study just issued by Frost & Sullivan Market Intelligence.
 The Department of Energy-funded market will pace industry growth, increasing in share from 35 percent in 1992 to 47 percent by 1999, while Superfund cleanup dips as a portion of the whole from 38 to 34 percent and military cleanup declines from 27 to 20 percent, states the report, "Site Cleanup Under Superfund, DOD & DOE Markets."
 Remediation services will increase their share of total cleanup revenues from 38 percent in 1992 to 55 percent by 1999, while engineering and consulting services correspondingly decline from 55 to 39 percent in the same period, and analytical laboratory services hold relatively steady at 6 percent.
 These three publicly funded cleanup programs offer unusual market opportunities for a hazardous waste cleanup industry that has been sharply constrained as toxic waste generators cut volumes and invest in less waste-producing processes, and as resource recovery and recycling of hazardous substances gains widespread acceptance.
 The Superfund market is increasingly moving from the EPA to private firms. The EPA is closing one site a week and plans to pick up speed. The number of sites on the National Priority List has dropped for the first time. The DOD, meanwhile, plans to spend over $24 billion on site cleanup before achieving full compliance by the year 2012.
 While the DOE -- which is pacing overall market growth -- has fewer sites, these are often radioactive, helping send its projected overall cleanup budget over $250 billion.
 Subcontracting opportunities will abound for vendors of all sizes through the 1990s. The market for project integration services will grow. Major market players are full-service environmental firms that can bear the enormous financial liabilities inherent in site cleanup but there are also numerous small, highly specialized firms supporting the market primarily as subcontractors.
 The environmental industry will continue to see hectic merger and acquisition activity as full-service environmental firms expand their capacities by acquiring smaller high-technology firms. Site cleanup requires firms to build up operational capacity within short time frames, and acquisition has become the normal strategy to speed business development.
 The analytic lab market is particularly undergoing consolidation after a period of falling profit margins. Mixed waste analysis will offer these players the chance to expand into new markets.
 Frost & Sullivan Market Intelligence is an international high- technology research firm specializing in industrial electronics and healthcare markets. All Frost & Sullivan Market Intelligence reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated by thorough analysis of available secondary research. Frost & Sullivan Market Intelligence is one of the leading publishers worldwide of high-technology market research reports.
 Total Site Cleanup Under Superfund, DOD and DOE Market:
 Revenue Forecasts (U.S.)
 1989-1999
 Revenue
 Revenues Growth Rate
 Year ($ million) (percent)
 1989 1,550.8 ---
 1990 2,017.9 30.1
 1991 2,846.3 41.1
 1992 3,424.0 20.3
 1993 3,929.5 14.8
 1994 5,274.5 34.2
 1995 6,406.5 21.5
 1996 7,703.3 20.2
 1997 8,917.7 15.8
 1998 10,073.7 13.0
 1999 11,185.6 11.0
 Compound Annual Growth Rate (1992-1999): 18.4 percent.
 -0- 6/29/93
 /CONTACT: Amy Arnell, Mountain View, 415-961-9000, or fax: 415-961-5042; or Kristina Menzefricke, London, 011-44-71-730-3438, or fax: 011-44-71-730-3343; or Irene Laviron, Paris, 011-33-1-4742-9127, or fax: 011-33-1-4742-9129; or Gaston Bertin, Brussels, 011-32-2-762-2781, or fax: 011-32-2-771-7248, all of Frost & Sullivan Market Intelligence/


CO: Frost & Sullivan Market Intelligence ST: California IN: SU:

TB-TM -- SJ005 -- 6724 06/29/93 13:05 EDT
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