This book covers synthesis, characterization, stability, heat transfer and applications of nanofluids. It includes different types of nanofluids, their preparation methods as well as its effects on the stability and thermophysical properties of nanofluids. It provides a discussion on the mechanism behind the change in the thermal properties of nanofluids and heat transfer behaviour. It presents the latest information and discussion on the preparation and advanced characterization of nanofluids. It also consists of stability analysis of nanofluids and discussion on why it is essential for the industrial application. The book provides a discussion on thermal boundary layer properties in convection. Future directions for heat transfer applications to make the production and application of nanofluids at industrial level are also discussed.