Nanotechnology has found a vast number of applications in many areas and its market grown at a rapid pace in recent years. This resulted in new horizons in materials science and many exciting new developments. The supply of new Nanomaterials, form the prerequisite for any further progress in this new area of science and technology. Nanomaterials feature specific properties that are characteristic of these materials, and which are based on surface and quantum effects. The control of composition, size, shape, and morphology of nanomaterials is an essential foundation for the development and application of Nanomaterials and Nano scale devices.