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The material industry can be further segmented into Advanced Materials and Nanomaterials. Materials that are utilized in high-technology applications are termed as Advanced Materials. Advanced materials include semiconductors, biomaterials, and smart materials and Nano engineered materials. This list also includes adhesive and sealants, plastics and fibers etc. With the emergence of the chemical industry and synthetic polymers, the range of adhesive and sealant formulations exploded. The plastics industry manufactures polymer materials — commonly called plastics — and offers services in plastics important to a range of industries, including packaging, building and construction, electronics, aerospace, and transportation. In addition, as mineral oil is the major constituent of plastics, it is regarded as a part of the petrochemical industry. Besides plastics production, plastics engineering is an important part of the industrial sector.