diff --git a/CHANGELOG.md b/CHANGELOG.md
index fae9694b..60d39093 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 
 ### Added
 
+- Added support for materializing dataset for train and test dataframe separately([#470](https://github.com/pyg-team/pytorch-frame/issues/470))
 - Added support for PyTorch 2.5 ([#464](https://github.com/pyg-team/pytorch-frame/pull/464))
 - Added a benchmark script to compare PyTorch Frame with PyTorch Tabular ([#398](https://github.com/pyg-team/pytorch-frame/pull/398), [#444](https://github.com/pyg-team/pytorch-frame/pull/444))
 - Added `is_floating_point` method to `MultiNestedTensor` and `MultiEmbeddingTensor` ([#445](https://github.com/pyg-team/pytorch-frame/pull/445))
diff --git a/test/data/test_dataset.py b/test/data/test_dataset.py
index 1b23ba5e..ffbcb7db 100644
--- a/test/data/test_dataset.py
+++ b/test/data/test_dataset.py
@@ -280,3 +280,44 @@ def test_col_to_pattern_raise_error():
         dataset = FakeDataset(num_rows=10, stypes=[torch_frame.timestamp])
         Dataset(dataset.df, dataset.col_to_stype, dataset.target_col,
                 col_to_time_format=2)
+
+
+def test_materialization_with_col_stats(tmpdir):
+    tmp_path = str(tmpdir.mkdir("image"))
+    text_embedder_cfg = TextEmbedderConfig(
+        text_embedder=HashTextEmbedder(1),
+        batch_size=8,
+    )
+    image_embedder_cfg = ImageEmbedderConfig(
+        image_embedder=RandomImageEmbedder(1),
+        batch_size=8,
+    )
+    dataset_stypes = [
+        torch_frame.categorical,
+        torch_frame.numerical,
+        torch_frame.multicategorical,
+        torch_frame.sequence_numerical,
+        torch_frame.timestamp,
+        torch_frame.text_embedded,
+        torch_frame.embedding,
+        torch_frame.image_embedded,
+    ]
+    train_dataset = FakeDataset(
+        num_rows=10,
+        stypes=dataset_stypes,
+        col_to_text_embedder_cfg=text_embedder_cfg,
+        col_to_image_embedder_cfg=image_embedder_cfg,
+        tmp_path=tmp_path,
+    )
+    train_dataset.materialize()  # materialize to compute col_stats
+    test_dataset = FakeDataset(
+        num_rows=5,
+        stypes=dataset_stypes,
+        col_to_text_embedder_cfg=text_embedder_cfg,
+        col_to_image_embedder_cfg=image_embedder_cfg,
+        tmp_path=tmp_path,
+    )
+    test_dataset.materialize(col_stats=train_dataset.col_stats)
+
+    assert train_dataset.col_stats == test_dataset.col_stats, \
+        "col_stats should be the same for train and test datasets"
diff --git a/torch_frame/data/dataset.py b/torch_frame/data/dataset.py
index fd5614bd..ab8b8639 100644
--- a/torch_frame/data/dataset.py
+++ b/torch_frame/data/dataset.py
@@ -554,6 +554,7 @@ def materialize(
         self,
         device: torch.device | None = None,
         path: str | None = None,
+        col_stats: dict[str, dict[StatType, Any]] | None = None,
     ) -> Dataset:
         r"""Materializes the dataset into a tensor representation. From this
         point onwards, the dataset should be treated as read-only.
@@ -570,6 +571,10 @@ def materialize(
                 :obj:`path`. If :obj:`path` is :obj:`None`, this will
                 materialize the dataset without caching.
                 (default: :obj:`None`)
+            col_stats (Dict[str, Dict[StatType, Any]], optional): optional
+            col_stats provided by the user. If not provided, the statistics
+            is calculated from the dataframe itself. (default: :obj:`None`)
+
         """
         if self.is_materialized:
             # Materialized without specifying path at first and materialize
@@ -589,23 +594,37 @@ def materialize(
             return self
 
         # 1. Fill column statistics:
-        for col, stype in self.col_to_stype.items():
-            ser = self.df[col]
-            self._col_stats[col] = compute_col_stats(
-                ser,
-                stype,
-                sep=self.col_to_sep.get(col, None),
-                time_format=self.col_to_time_format.get(col, None),
-            )
-            # For a target column, sort categories lexicographically such that
-            # we do not accidentally swap labels in binary classification
-            # tasks.
-            if col == self.target_col and stype == torch_frame.categorical:
-                index, value = self._col_stats[col][StatType.COUNT]
-                if len(index) == 2:
-                    ser = pd.Series(index=index, data=value).sort_index()
-                    index, value = ser.index.tolist(), ser.values.tolist()
-                    self._col_stats[col][StatType.COUNT] = (index, value)
+        if col_stats is None:
+            # calculate from data if col_stats is not provided
+            for col, stype in self.col_to_stype.items():
+                ser = self.df[col]
+                self._col_stats[col] = compute_col_stats(
+                    ser,
+                    stype,
+                    sep=self.col_to_sep.get(col, None),
+                    time_format=self.col_to_time_format.get(col, None),
+                )
+                # For a target column, sort categories lexicographically
+                # such that we do not accidentally swap labels in binary
+                # classification tasks.
+                if col == self.target_col and stype == torch_frame.categorical:
+                    index, value = self._col_stats[col][StatType.COUNT]
+                    if len(index) == 2:
+                        ser = pd.Series(index=index, data=value).sort_index()
+                        index, value = ser.index.tolist(), ser.values.tolist()
+                        self._col_stats[col][StatType.COUNT] = (index, value)
+        else:
+            # basic validation for the col_stats provided by the user
+            for col_, stype_ in self.col_to_stype.items():
+                assert col_ in col_stats, \
+                    f"{col_} is not specified in the provided col_stats"
+                stats_ = col_stats[col_]
+                assert all([key_ in stats_
+                            for key_ in StatType.stats_for_stype(stype_)]), \
+                    "not all required stats are calculated" \
+                    f" in the provided col_stats for {col}"
+
+            self._col_stats = col_stats
 
         # 2. Create the `TensorFrame`:
         self._to_tensor_frame_converter = self._get_tensorframe_converter()