Here, we present a critical review of recent developments in Casimir physics motivated by discoveries of novel materials. Specifically, topologically nontrivial properties of the graphene family, Chern and topological insulators, and Weyl semimetals have diverse manifestations in the distance dependence, presence of fundamental constants, magnitude, and sign of the Casimir interaction. Limited studies of the role of nonlinear optical properties in the interaction are also reviewed. We show that, since many new materials have greatly enhanced the nonlinear optical response, new efficient pathways for investigation of the characteristic regimes of the Casimir force need to be explored, which are expected to lead to new discoveries. Recent progress in the dynamical Casimir effect is also reviewed and we argue that nonlinear media can open up new directions in this field as well.