diff --git a/AUTHORS b/AUTHORS
index 872c7007..0a8e884f 100644
--- a/AUTHORS
+++ b/AUTHORS
@@ -82,6 +82,7 @@ Alphabetical list of contributors:
 * Victor Hahn <info@victor-hahn.de>
 * Victor Uriarte <vmuriart@gmail.com>
 * Ville Skyttä <ville.skytta@iki.fi>
+* Vincent Gao <gaobing1230@gmail.com>
 * vthriller <farreva232@yandex.ru>
 * wayne.wuw <wayne.wuw@alibaba-inc.com>
 * Will Jones <willjones127@gmail.com>
diff --git a/CHANGELOG b/CHANGELOG
index edfedb4f..ec187aaa 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -33,6 +33,8 @@ Bug Fixes
 
 * Fix statement splitting (issue845).
 * Fix a late-binding closure bug in `TokenList.token_not_matching`.
+* Recognize ``MATERIALIZED`` as a keyword so it is parsed and formatted
+  consistently in ``CREATE MATERIALIZED VIEW`` statements (issue752).
 
 
 Release 0.5.5 (Dec 19, 2025)
diff --git a/sqlparse/keywords.py b/sqlparse/keywords.py
index 4bafcda1..631aa2e0 100644
--- a/sqlparse/keywords.py
+++ b/sqlparse/keywords.py
@@ -359,6 +359,7 @@
     # 'M': tokens.Keyword,
     'MAP': tokens.Keyword,
     'MATCH': tokens.Keyword,
+    'MATERIALIZED': tokens.Keyword,
     'MAXEXTENTS': tokens.Keyword,
     'MAXVALUE': tokens.Keyword,
     'MESSAGE_LENGTH': tokens.Keyword,
diff --git a/tests/test_regressions.py b/tests/test_regressions.py
index 15ac9ee9..2265f363 100644
--- a/tests/test_regressions.py
+++ b/tests/test_regressions.py
@@ -454,6 +454,14 @@ def test_primary_key_issue740():
     assert p.tokens[0].ttype == T.Keyword
 
 
+def test_materialized_view_issue752():
+    p = sqlparse.parse('CREATE MATERIALIZED VIEW v AS SELECT 1')[0]
+    assert p.tokens[2].ttype == T.Keyword
+    formatted = sqlparse.format('create materialized view v as select 1',
+                                keyword_case='upper')
+    assert formatted == 'CREATE MATERIALIZED VIEW v AS SELECT 1'
+
+
 @pytest.fixture
 def limit_recursion():
     curr_limit = sys.getrecursionlimit()