Polyurethane foams constitute highly problematic waste due to their low density and consequently large volume. Among the most promising recycling approaches, the glycolysis of polyurethane waste stands out and was extensively discussed in this article. Existing literature reviews lack a detailed analysis of glycolysis processes and a clear presentation of the most important data. However, in this review, the scientific literature on glycolysis has been thoroughly examined and updated with the latest research in the field. The article provides an overview of glycolysis methods, categorized into rigid and flexible foams, along with a review of the catalysts and process conditions employed. Additionally, this study offers a comprehensive analysis of industrial methods protected by active patents, which has not been previously explored in the literature. This detailed examination of patent information adds significant value to the review and distinguishes it from others. Furthermore, this review also aims to introduce the main types of polyurethanes and their properties. It outlines the fundamentals of recycling strategies, thermomodernization trends, and environmental considerations, highlighting the critical role of recycling in the industry. The article serves as a complete foundation for exploring new alternative methods in this field.