"The intensity of the use of zircon in tiles has fallen in the last 30 years, for several reasons: technological developments, operating practices by the tile companies and economic issues. I don't think that the price spike of 2011 and 2012 and forecasts by analysts suggesting that this was the new paradigm helped," he added.
"This market is expected to grow by 11% each year over the next 10 years," [David Ian Chalmers] said, "from 194,000 tonnes in 2011 to 239,000 tonnes in 2020. This will require 368,000 tonnes zircon (65% ZrO[subscript]2 ) over this time period." "Growth regions have preference for tiles as floor covering," [David Robb] added, pointing to a study undertaken by the Ceramic World Review which showed that close to 80% of the floor coverings in China were tiles, 60% in Asia Pacific and 50% in Central and South America. In its Q1 results [Iluka] saw its zircon production increase by 39%, to 77,800 tonnes. Iluka said zircon registered demand recovery, particularly in the China ceramic and North American industrial markets.
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