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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).
In condensation polymerization, each step of the process is accompanied by the formation of a molecule of some simple compound, often water. In addition polymerization, monomers react to form a polymer without the formation of by-products.