Polymer nanocomposite materials have drawn the attention of scientists due to their outstanding properties as compared to native polymers. The nanocomposites of polymer are widely used in packaging, aerospace, nanocoatings, solar energy, automotive, electronics, semiconductors, cosmetic, and construction. The modifications in the properties are done according to their applications in various fields. The properties of such nanocomposite materials depend on several variables such as nanoparticles dispersion and distribution, flame retardancy, mechanical and tensile strength, thermal properties, electrical and magnetic properties. In addition to these, the nanofillers play a vital role in nanocomposites to enhance or modify their mechanical and physical properties. In this chapter, various aspects of the nanocomposites of polymer have been discussed, including ultrasound-assisted in-situ polymerization intercalation and nanoparticles dispersion. The processing of nanocomposites using different filler materials such as ZnO, reduced graphene oxide (RGO), Cloisite-30B, etc. as well as the percentage of filler materials has been discussed in detailed. Finally, the nanocomposites have been characterized using different analytical techniques to elucidate its properties.