An increase in global consumption has led to an exponential increase in industrial production activities which inevitably results in overwhelming remain of industrial waste. Consequently it has driven increasing attentions of research and development teams in various countries to propose and investigate novel methodologies to utilize such industrial waste. Instead of using as alternative energy sources, usage of industrial waste for production of carbonaceous nanomaterials has been examined via various routes, such as catalytic pyrolysis, hydrothermal treatment and so on. Meanwhile, for sustainable and secure continuity of the carbonaceous nanomaterial production, broad spectra of promising applications have also been examined. Among those emerging applications, utilization of carbonaceous nanomaterials in pollution control and prevention has been focused worldwide. Therefore, in this review, relevant research works focusing on catalytic pyrolysis of carbonaceous industrial waste for carbonaceous nanomaterial production were comprehensively analyzed and summarized. In addition, promising applications involving with antibiotic removal, spilled oil handling and pollutant gas detection were also reviewed.