Abstract: Additive Manufacturing has brought a paradigm shift in manufacturing trends in terms of material flexibility, accuracy, lead time and product cost. There are myriad of additive manufacturing technologies which are commercially available but Fused Deposition Modeling (FDM) has outclassed others due to its unique capabilities. The paper aims to present the critical analysis of materials, applications and recent advancements in the area of FDM. The inception of additive manufacturing processes along with their aggressive development in field of new product development and customized parts is also highlighted. A detailed literature survey has been carried out to chalk out various materials and advantages of FDM. An analysis using VOSviewer software has been carried to highlight the major areas where an intensive research has been performed. It has been noticed that limited research has been performed on development of functionally graded material. Moreover, the effect of temperature on different additive manufacturing processes must explored in future