The choice of an appropriate material plays a very important role in modern days so that a component of the highest quality is manufactured at an optimum cost. Since the past few decades, research on materials has gradually shifted from monolithic to composite materials meeting the global need for reduced weight, quality and high performance. Composites, now-a-days, have been used in numerous fields, like car making, aircraft & railways structures, defense equipment, structural materials, household durables, electrical appliances, electric motors, diesel engines etc.