Douglas Harper's Etymology Dictionary
1874, from racial + -ize + -ation.
Wiktionary
n. The act or process of racialize, that is, of treating (a relationship, practice, person or group) in racial terms or of constituting (that person or group) as racial or as a race.
Wikipedia
In sociology, racialization or ethnicization is the processes of ascribing ethnic or racial identities to a relationship, social practice, or group that did not identify itself as such. Racialization and ethnicization is often born out of the interaction of a group with a group that it dominates and ascribes identity for the purpose of continued domination. While it is often born out of domination, the racialized and ethnicized group often gradually identifies with and even embraces the ascribed identity and thus becomes a self-ascribed race or ethnicity. These processes have been common across the history of imperialism, nationalism, and racial and ethnic hierarchies.