Conventionally, unfilled wax has been used as a universal pattern material for the investment casting process. With increase in demand for accurate dimensions and complex shapes, various materials have been blended with wax to develop more suitable patterns for investment casting in order to overcome performance limitations exhibited by unfilled wax. The present article initially reviews various investigations on the development of investment casting patterns by exploring pattern materials, type of waxes and their limitations, the effect of filler materials and various additives on unfilled wax, wax blends for pattern materials, plastics and polymers for pattern materials and 3D-printed patterns. The superiority of filled and polymer patterns in terms of dimensional accuracy, pattern strength, surface and flow properties over unfilled wax is also discussed. The present use of 3D patterns following their versatility in the manufacturing sector to revolutionize the investment casting process is also emphasized. Various studies on wax characterization such as physical (surface and dimensions), thermal (thermogravimetric analysis and differential scanning calorimetry), mechanical (thermomechanical analysis, tensile stress testing, dynamic mechanical analysis) and rheological (viscosity and shearing properties) are also discussed.