Corona Material Library provides hundreds of ready-to-use materials, each with a high-quality preview. The library is mainly intended for beginner users and those having problems with setting up basic materials but may be as well useful to advanced users. The most common uses of the material library include:
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Quickly painting scene objects with realistic materials (this can greatly speed up your workflow!)
Using the material presets as bases for creating own ones (great for users inexperienced with a material creation and introducing variation in the scene)
Using the material presets as references for creating new materials from scratch (great if you are having trouble setting up a specific material)
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Starting from with Corona 12, the Corona Material Library is available in Cosmos. Starting from this version, the material library can be skipped during installation to reduce the hard disk space consumed.
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The Starting with Corona 12 Update 1, the Corona Material Library is a part of the installation package. It is downloaded automatically during the installation, but can be also no longer included in the installer. It can only be installed in offline mode. For more information please check this Help Center article.