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As nouns the difference between oligomerization and polymerization is that oligomerization is (chemistry) the formation of an oligomer from a monomer while polymerization is (chemistry) the chemical process, normally with the aid of a catalyst, to form a polymer by bonding together multiple identical units (monomers).
Polymerization is a chemical reaction in which many small molecules (monomers) join together to form a large molecule (polymer). Often the reaction produces heat and pressure.