I don't think so, Because Library files never holding Tags like #ID and .Class. I believe, Materialize.css never hang. IS that is the question, Answer is NO
If you are talking about two libraries, Then I believe there is some co-relation between library frameworks. But, This won't make problem. Please let us if you are facing any problem..
Best Anil, When applicable please mark the correct/appropriate replies as "solution" (you can mark up to 3 "solutions". Please LIKE threads if the provided solution is helpful