How To: Create a material instance in Unreal Engine 4

In your con­tent brows­er, find a mate­r­i­al you want to cre­ate an instance of.

Right click on it, and select ‘Cre­ate mate­r­i­al instance’ option.

A new mate­r­i­al instance will be cre­at­ed. Name it how­ev­er you want.