Platinum‐based catalytic materials have received significant attention, particularly in the shape and size control of faceted materials for catalysis. More recently, there has been a rapid increase in the number of reports of successful preparations in this field; however, a fundamental understanding of controlled growth towards catalytic material design is essential for future implementation and broad application. In this review, we provide an overview of the recent findings reported since 2009, focusing on methods for shape control as well as the effects of exposed surface facets on select catalytic reactions. Copyright © 2013 John Wiley & Sons, Ltd.