When comparing Materialize vs MUI CSS, the Slant community recommends Materialize for most people. In the question“What are the best Material Design CSS frameworks? ” Materialize is ranked 2nd while MUI CSS is ranked 4th.
Ranked in these QuestionsQuestion Ranking
Pros

Pro Great-looking demo
Pro Device agnostic
Since Materialize follows Google's guidelines for Material design, which in theory is device agnostic, Materialize itself is device agnostic too. It's designed to look good on every device.

Pro Large selection of components
CSS components: Badges, buttons, cards, collections, footer, forms, icons, navbar, pagination, preloader.
JavaScript components: Collapsible, Dialogs, Dropdown, Media, Modals, Parallax, Pushpin, ScrollFire, Scrollspy, SideNav, Tabs, Transitions, Waves.
Mobile-specific: slide-out drawer menu, toasts.

Pro Responsive

Pro Mobile navigation

Pro Nice showcase of sites built with Materialize
Pro Customizable
While the default style is not bad at all, Materialize also gives developers the ability to customize it and fit their own style, while still keeping in line with the Material Design philosophy.
Along with the CSS files, designers can also download the SASS files which can be edited and compiled.

Pro 12-Column Grid System

Pro Included icon font

Pro Meteor.js integration by developers
Pro Opinionated
Material design is very opinionated on how design elements should behave and look. The basics of which revolve around certain visual elements (physics, space, momentum and light) which are used to create specific UX elements.
This is very helpful because it creates a consistent feel without making every design look the same. This can be seen in Materialize too, where each element may be customized but still it keeps the consistent look of the material design.

Pro Fast
Simple animations without too much fanciness keep the performance high and size small.

Pro Lightweight
11KB minified and gzipped

Pro No external dependencies

Pro Grid system - the same as Bootstrap
12-column grid

Pro WebComponents library

Pro HTML Email library

Pro React library

Pro Customizable using SASS
The MUI CSS can be easily customized by using the SASS files available on GitHub and via Bower. Customize breakpoints, font-settings and use Material Design colors.
Cons

Con Refuses to use the flexbox model
Even though Materialize states that it only supports IE10+, which supports flexbox quite well, with prefixes, Materialize has refused to use Flexbox.
Con Not maintained anymore

Con Large / heavy
267 kilobytes, minified, for the CSS and JS.
Con Deprecated
No longer supported by their maintainers.
