Water based stains are relatively new but becoming more popular.
Deck stain oil based.
Oil based wood stains are commonly suggested for wood decks fences gazebos and other surfaces exposed to harsh weather.
Try the oil based wood and deck stains like twp 100 twp 1500 and armstrong clark stains for a professional finish that you can enjoy for many more years.
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Each has its pros and cons.
They offer better penetration than a water based stain and excellent durability in tough conditions.