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MARKET INTELLIGENCE: HAZARDOUS WASTE MARKETS TO TOP $700 MILLION BY 1998, PACED BY BIOLOGICAL SEPARATION SYSTEMS

 MOUNTAIN VIEW, Calif., Jan. 6 /PRNewswire/ -- Paced by less costly technologies, U.S. hazardous waste management equipment and services revenues will more than double from $356 million in 1991 to $734 million in 1998, growing at a 10.9 percent compound annual rate, says a new study just issued by Market Intelligence.
 Biological treatment and membrane separation systems will increase their shares of the market, the former expanding from 23 percent of sales in 1991 to 27 percent by 1998, and the latter growing from 12 to 16 percent during the same period, projects the report, "Hazardous Waste Management Equipment and Service Market: Bright Spot for Defense Contractors To Go Commercial."
 Containment technology will continue to grow even while landfill volumes decrease. Incinerator treatment system revenues are projected to rise slightly and peak as a share in 1995, then drop from 25 percent of the market to 17 by 1998. The incinerator market is driven primarily by Superfund site remediation and, as a major capital expense segment, is relatively erratic. Chemical treatment, with 20.5 percent of hazardous waste revenues in 1992, will stay relatively stable in share.
 Stricter implementation of already existing laws will increase public pressure on companies generating toxic wastes. The industry will stay largely regulation-driven although no major new legislation is expected in the 1990s.
 As the U.S. marketplace matures and hazardous waste volumes begin to decrease, competitors will struggle to keep market share. Vendors will be increasingly challenged to revamp current marketing strategies. Consolidations and mergers will make firms better able to offer integrated solutions but leave the industry increasingly dominated by giants.
 The hazardous waste industry will start to pick up increased steam globally, buffering it from the maturing of the U.S. market, particularly as U.S. growth slows dramatically later in the decade. Environmental vendors will increasingly look to end-users abroad to support their profit margins. Competition has already increased and margins eroded, particularly with reductions in volumes intensified by the recession.
 While the recession has constrained market growth, recovery will not push end-users back to 1980s' disposal patterns. Customers now typically have multiple hazardous waste strategies in place including resource recovery and waste minimization. The industry as a whole will move increasingly toward a combination of technologies that both reduces volumes of hazardous waste needing treatment and the cost of such treatment.
 Market Intelligence is an international high-technology research firm specializing in industrial electronics and automation. All "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. Since 1982, "Market Intelligence" has emerged as one of the leading publishers of high-technology market research reports.
 MARKET INTELLIGENCE
 Total Hazardous Waste Management Market: Revenue Forecasts (U.S.)
 1988-1998
 Year Revenues Revenue Growth Rate
 ($ Million) (Percent)
 1988 283.8 ---
 1989 308.7 8.8
 1990 334.0 8.2
 1991 356.1 6.6
 1992 396.3 11.3
 1993 450.2 13.6
 1994 513.8 14.1
 1995 585.9 14.1
 1996 660.6 12.7
 1997 673.5 1.9
 1998 734.2 9.0
 Compound Annual Growth Rate (1991-1998): 10.9 percent
 NOTE: All figures are rounded.
 -0- 1/6/93
 /CONTACT: Amy Arnell of Market Intelligence, 415-961-9000, or fax 415-961-5042/


CO: Market Intelligence ST: California IN: CPR SU:

TM-GT -- SJ013 -- 2231 01/06/93 13:26 EST
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Date:Jan 6, 1993
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