Indocement Market Share September 2026 Hits 31.6%: Volumes and Energy Costs
Indocement market share in Indonesia's domestic cement market rose to 31.6% in September 2026, the highest since at least 2021, according to Mirae Asset Sekuritas research quoted by Kontan. At the same time, coal and industrial diesel costs are squeezing production, so Indocement is pushing value-added products such as dry-mix mortar. For contractors and building-material shops in Greater Jakarta, this shifts brand availability and instant-cement choices.
Key Facts
- Indocement (INTP) September 2026 sales volume: 1.9 million tons, up 1.9% MoM and 12.1% YoY; market share 31.6% (2026-10-22, source: Kontan).
- Semen Indonesia (SMGR) domestic market share fell to 44% in September 2026, its lowest since at least 2021 (2026-10-22, source: Kontan).
- INTP volume January–September 2026: 14.1 million tons, up 7.8% YoY (2026-10-22, source: Kontan).
- First half 2026: INTP cement and clinker sales 9.56 million tons (+7.6% YoY), profit for the period Rp589.6 billion (+19.2%) (2026-09-09, source: Top Konstruksi).
- National cement capacity is about 120 million tons a year with utilisation of about 56%, per ASI data (2026-09-09, source: Top Konstruksi).
Indocement market share grows as cement demand firms
Domestic cement consumption reached 6 million tons in September 2026, up 3% YoY, led by bulk cement at 1.9 million tons (+8.2% YoY). INTP grew faster than the market, while SMGR group volume fell to 3 million tons (-12.3% YoY). Mirae Asset raised its 2026 domestic consumption estimate to 66.9 million tons.
Energy cost pressure and the mortar strategy
Higher coal and industrial diesel prices and a stronger US dollar have raised production costs. Indocement is responding by diversifying into value-added derivatives such as dry-mix mortar, amid industry overcapacity.
What it means for building-material buyers
For renovation projects, compare cement and instant-cement brands per project, since prices and stock vary by region. See also cement consumption in September 2026 and dry-mix mortar prices 2026, or browse the homeX building materials catalogue.
FAQ
What was Indocement's market share in September 2026? About 31.6%, on 1.9 million tons, according to Mirae Asset research quoted by Kontan on 22 October 2026.
Why is Indocement pushing dry-mix mortar? Rising energy costs (coal, diesel) and industry overcapacity make value-added products such as mortar more attractive.
Sources (checked 24 October 2026): Kontan, 22 October 2026; Top Konstruksi, 9 September 2026.