In recent years we have seen a steady growth in the plastic industry owing to their cost effectiveness, durability and lightweight. Every plastic whether its thermoplastics or thermosetting materials is formulated using basic polymer and then compounded as per the desired properties required for the end use. Additives organic or inorganic are incorporated in the basic polymer to improve the performance e.g. during shaping of the polymer, through injection moulding, extrusion, blow moulding, vacuum moulding, pultrusion, sheet moulding, dough moulding process etc. The functionality and ageing properties of the polymer are largely dependent on additives and fillers. The plastic is made with numerous additives like plasticizers, flame retardants, antioxidants, acid scavengers, light and heat stabilizers, lubricants, pigments, antistatic agents, slip compounds and thermal stabilizers, anti-microbials, flow improver, and Fillers/Pigments.