Domestic shipments of asphalt shingles and modified bitumen both saw gains in the fourth quarter from the previous three months and also realized year-over-year increases, according to the Asphalt Roofing Manufacturer’s Association’s Quarterly Product Shipment Report for the final quarter of 2023.
ARMA’s 2023 Q4 report, released last Thursday, showed that the domestic shingles and modified bitumen market remains robust, with shingles up 25.5% and modified bitumen up 10.4% for the final quarter of 2023 from the prior year. Year-over-year gains for each were 7% and 7.6%, respectively.