As the title says, I decided to compile a list of masterwork materials and their effects to perhaps help make farming for a specific effect a bit easier. Obviously, it's nowhere near complete, so feel free to contribute anything I've missed. 
Critical Crafting Materials
Essence of Perfection - 100% chance of masterwork
Dragon's Tooth - 40% chance of masterwork
Heartwood - 40% chance of masterwork
Great Bear Claws - 30% chance of masterwork
Ironbark - 20% chance of masterwork
Fade-Touched Cloth
Cotton (Tier 1) - 10% chance to apply Walking Bomb for 5 seconds, with detonation of 50% weapon damage
Dales Loden Wool (Tier 3) - +30% focus gain
Darkened Samite (Tier 2) - 5% chance to cast Mind Blast on a hit
Imperial Vestment Cotton (Tier 3) - on dying: 15% chance to heal for half health
Plaidweave (Tier 1) - on kill: +10 to magic for 10 seconds
Plush Fustian Velvet (Tier 3) - 10% chance to use Hidden Blades on a hit, with 5 added hits OR abilities cost 10% less mana/stamina
Ring Velvet (Tier 2) - 10% chance to use Hidden Blades on a hit, with 4 added hits
Velveteen (Tier 1) - 10% chance to use Hidden Blades on a hit, with 3 added hits OR abilities cost 5% less mana/stamina
Fade-Touched Leather
Canine Leather (Tier 1) - +10% damage bonus if not being hit for 5 seconds
Deepstalker Hide (Tier 1) - on hit: 5% chance to apply poison OR on hit: 2% chance to cast Fear
Fennec Fur (Tier 1) - +25% faster movement speed when in stealth
Gurgut Skin (Tier 2) - +50% faster movement speed when in stealth
Fade-Touched Metal
Blue Vitriol (Tier 1) - increase maxiumum stamina by 10
Drakestone (Tier 1) - increase maximum stamina by 10
Iron (Tier 1) - heal 15% of damage taken over 10 seconds
Obsidian (Tier 2) - on hit: gain 3 guard
Onyx (Tier 1) - 10% chance to inflict Chain Lightning damage at 50% weapon power
Paragon's Luster (Tier 2) - heal 20% of damage taken over 10 seconds OR 10% chance to grant 3 seconds of Walking Fortress
Serpentstone (Tier 1) - berserk: +10% damage bonus, +100% damage from all sources
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