The development of modern society highly depends on polymer materials. However, progressive usage and accumulation of polymer products caused the waste of resources and severe environmental issues. To address the abovementioned problem, the development of chemical recycling polymers that could transform the polymers back to monomers and repolymerize to produce polymer materials without value loss is an attractive and important strategy. In recent years, significant advances in the design of "ideal monomers" have enabled the regulation of "polymerization−depolymerization" equilibrium and achieved the closed-loop recycling under mild conditions. This review will focus on the closed-loop recycling of polyesters, polycarbonates, sulfur-containing polymers, and poly(cyclic olefin)s, illustrate the challenges of this field, and provide a perspective on the future development direction.