Since the plastics industry has witnessed a spectacular growth over the last six decades, the acceleration in consumption rates of plastics has taken place in many phases since world war II. In areas of applications of plastics materials, a well-known long-standing example is electrical industries where the excellent combination of properties like insulation characteristics, toughness, durability, flame retardation capacity has led to increasing acceptance of plastics for plugs, sockets, wire and cable insulations and for housing electrical and equipment. The major polymer targeting industries of the present-day life includes building trade, packaging industries, in retorting method used for food processing industries, wood-plasticcomposites, polymers in corrosion prevention and control, piping systems, in automotive industries, in aerospace industries and in electrical and electronic industries.