Silicone elastomers represent a unique combination of organic and inorganic chemistries, which result in the formation of some of the most stable organic materials exhibiting excellent chemical structure. RTV is a type of silicone elastomer which is made from one-part (RTV-1) or two-component (RTV-2) systems, with their toughness ranging from very soft to medium. RTV silicone is ideal for numerous bonding and sealing operations. The growth in the global RTV silicone market is attributed to the wide usage of RTV silicone in the construction sector. The rising demand for electric vehicles, growing electronic components in automotive, increase in disposable income in developing countries, and surging demand for medical devices are some of the prominent factors promoting the growth of RTV silicone in the industry.