There isn't a single noun that directly describes the "stuff" that is deteriorating. You might need to use a more descriptive phrase depending on the context, such as:
* Deteriorating materials: This is a general term for any materials that are in a state of decline.
* Damaged goods: This implies that the "stuff" has already suffered some form of deterioration.
* Waste products: This refers to materials that are no longer useful and are undergoing a process of decay.
* Broken equipment: This is specific to machinery or tools that are no longer functioning properly.
The best word to use will depend on the specific situation you are describing.