Addition polymerization involves monomers joining together through double bonds to form long polymer chains, and no byproducts are produced. Condensation polymerization occurs through condensation reactions between monomers that contain multiple functional groups, and water or simple molecules are eliminated as byproducts. Common examples of polymers formed through addition polymerization include polyethylene and polypropylene, while nylon and polyesters are typically formed via condensation polymerization.