The process of preparing methanol from carbon dioxide is one of the ways to solve the environmental problems caused by greenhouse gases, the problem of fossil energy depletion, and the problem of fuel exhaust emissions. However, after decades of development, the process of preparing methanol from carbon dioxide is still unable to achieve large‐scale industrialization. This critical review sharply points out the problems and obstacles that need to be solved urgently on the industrialization road of carbon dioxide methanol preparation process and summarizes its progress. The problems faced by the methanol production industry from carbon dioxide are first the thermodynamic constraints, second the lower reaction rate and conversion effect, and finally the energy loss. In order to solve these problems, this paper first introduces the active sites, structural effects, and dynamic changes of copper‐based catalysts, as well as the unique reaction mechanism and doping modification of indium‐based catalysts. Zinc and zirconium promoters and some metal oxide supports can form unique interactions with active components to improve the catalytic performance of the catalyst. Next, various kinetic models and applications of methanol production from carbon dioxide are summarized, which is an important bridge linking laboratory and industrialization; the advantages and disadvantages of fixed bed reactor and paddle reactor were compared. Finally, the full text is summarized and prospected.