The product is increasingly substituting various organic sealants and adhesives in construction, insulating glass, automotive, and industrial applications owing to their chemical characteristics including resistance to chemicals and corrosion and physical properties such as water repelling and elongation. The Global Silicone Sealants Market is expected to reach USD 3.50 billion by 2024, according to a new report by Grand View Research, Inc. Growing utilization of thermoset and radiation curing technologies in the manufacturing of the product is expected to enhance the elongation and curing capabilities, which in turn is expected to propel demand over the forecast period. Additionally, the presence of established raw material suppliers including BASF and Evonik with superior additives as part of their product portfolio is expected to propel demand over the forecast period. Growing demand for the product in the construction industry owing to the superior characteristics of silic