Wilmington, Delaware, United States, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global gel staining market is estimated to gain a value of US$ 790.1 Mn by the end of 2031, as per the study presented in a report by Transparency Market Research (TMR). In addition, the TMR review finds that the market for gel staining is expected to grow at a CAGR of 8.3% during the forecast period, from 2022 to 2031.
With increase in the number of construction activities globally owing to rising global population, the demand for different types of furniture including tables, chairs, sofas, beds, cupboards, and shelves is being rising. This factor, in turn, is prognosticated to fuel the demand for gel staining, notes TMR’s sales forecast for gel staining market. Furthermore, the market is being driven by the rapid expansion of the service sector, surge in the trend of co-living, hostels, official premises, and guest houses, and improved spending power of people worldwide.
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The players are expected to gain sizable business expansion avenues in Asia Pacific during the forecast period owing to many factors including a surge in the product demand and the lower production cost in the region. This aside, a rapid expansion of the furniture and construction sectors in several regional nations including India and China is propelling the Asia Pacific market, note analysts of a TMR assessment.
Gel Staining Market: Key Findings
- Gel stain is gaining traction owing to its different advantages such as extremely durable nature and ability to emit low VOC, as it is developed using natural products. Moreover, the adoption of gel stain is being rising in the recent years globally as it offers advanced esthetic appearance in comparison with other type of stains. Gel staining is an easy-to-use alternative to traditional stain. It can be used on majority of surfaces such as metal, wooden and painted surfaces. As opposed to the conventional oil-and-water-based stains, gel stain is easy to apply. Hence, increase in popularity of gel staining is fueling the market expansion. This aside, a rise in the production volume of furniture across the globe is leading to one of the key growth frontiers for gel staining market, states a TMR review.
- Companies operating in the global gen staining market are boosting their R&D efforts in order to develop next-gen products. Moreover, they are using smart pricing strategies so as to attract and maintain their customer base. This aside, enterprises are concentrating on high-growth applications including flooring, roofing, and furniture in order to boost their revenues. Such efforts, in turn, are likely to help in the overall growth of the global gel staining market during the forecast period. Furthermore, rise in the investments of players on R&Ds in order to develop environmental-friendly products is expected to play important role in the market development in the near future.
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Gel Staining Market: Growth Boosters
- Rise in the focus of several emerging economies on the architecture is expected to drive the expansion of the global gel staining market size in the near future
- Increase in the demand for furniture across the globe and expansion of the construction industry are leading to notable business scope for gel staining market players
Gel Staining Market: Key Players
Some of the key players profiled in the report are:
- Dixie Belle Paint Company
- GENERAL FINISHES
- BARTLEY
- Minwax
- Retique It
- Unicorn Spit
- Rust-Oleum
- American Walnut Co
- Olympic
- Old Masters
- Michelman, Inc.
- Classic Coating Systems
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Gel Staining Market Segmentation
- Technology
- Water Based
- Oil Based
- Substrate
- Wood
- Plywood and Veneer
- Fiberglass
- Metal
- Molded Fiberboard
- Others
- Application
- Furniture
- Flooring
- Joinery
- Doors
- Fences
- Wooden Walls
- Wooden Roofing
- Shelves
- Others
- End-use
- Building & Construction
- Automobile
- Aerospace & Defense
- Marine
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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