As the global population grows, the demand for cost-effective and eco-friendly water purification methods is increasing, which presently is at its peak due to the increase of impurities in water and the increasing awareness of waterborne disease. Carbon-based materials, which includes activated carbon, carbon nanotubes (CNTs), graphene, graphene oxide (GO), reduced graphene oxide (rGO), fullerene, and carbon dots, are observed as potential candidates for water treatment. In the present review, developments related to water purification methods using carbon nanomaterials over the last decade are critically summarized, with an emphasis on their thermophysical properties. The fabrication techniques for activated carbon, CNTs, graphene, and graphene oxide are presented, with an emphasis on the properties of carbon materials that allow their usage for water purification. Then, an extensive review of 71 patents dedicated to water purification using carbon materials such as activated carbon and cotton fibers is performed. Subsequently, the more important research studies on water purification using carbon nanomaterials are discussed, showing that CNTs, GO, and rGO are widely used in water treatment processes. The present review critically discusses the recent developments and provides important information on water purification using carbon materials.