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The phrase "materially valuable" is correct and can be used in written English.
It means something that has significant worth or importance in material or physical terms. Example: The diamonds she inherited from her grandmother were not only emotionally precious to her, but also materially valuable.
Exact(2)
Her "Trayectos Encontrados (Found Trajectories)" from 2008 used public transportation tires, incised with curling patterns and inlaid with gold leaf, creating a juxtaposition of the discarded and recycled with the materially valuable.
"I'm not going to give him anything materially valuable," he said.
Similar(58)
It is also clear from the OCC communications attached to the Complaint that the OCC viewed Blackstone's written commitment to be materially and substantively valuable to it as a regulatory agency.
The SEC called the proxy materials materially false and misleading.
"It is expected that Litecoin's next update will reduce its transaction fees by 10x, making it materially more useful and valuable as a medium for everyday transactions," said Kim.
"It is very clear to the Dana Board that KNOC is also unwilling to ascribe any value to Dana's ongoing business development programme, despite KNOC being aware of significant, well advanced, non-public and valuable activities in this area, which could materially increase Dana's oil production and reserves in the near term".
Mission accomplished, materially speaking.
Volumes are down materially".
probably materially incorrect.
"Materially, it felt quite deprived.
"In fact, it is materially impossible".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com