With increasing urbanization and industrialization, growing amounts of industrial waste, such as red mud (RM), fly ash (FA), blast furnace slag (BFS), steel slag (SS), and sludge, are being produced, exposing substantial threats to the environment and human health. Given that numerous researchers associate with conventional adsorbents, developing and utilizing industrial wastes derived from adsorption technology still has received limited attention. Utilizing this waste contributes to developing alternative materials with superior performance and significantly reduces the volume of solid waste. The excellent physical and chemical characteristics of these wastes are also investigated in this paper. This review attempts to demonstrate a comprehensive overview of the application of industrial waste-based adsorbent in the adsorption process for removing organic pollutants, dyes, metallic ions, non-metallic ions, and radioactive substances. In addition, industrial waste-based adsorbents are among the most promising and applicable techniques for pollutant removal, offering remarkable adsorption efficiency, rich surface chemistries, reasonable cost, simple operation, and low energy consumption. This review summarizes state-of-the-art advancements in engineered adsorbents (including physical and chemical modifications). It provides a holistic view regarding a comprehensive understanding of the mechanism involved in adsorption for water remediation. The challenges and the prospects for future research in applying these adsorbents are also elucidated, contributing to sustainable waste management and environmental sustainability.