With rapid infrastructure development worldwide, the generation of industrial solid waste (ISW) has substantially increased, causing resource wastage and environmental pollution. Meanwhile, tunnel engineering requires large quantities of grouting material for ground treatment and consolidation. Using ISW as a component in tunnel grouts provides a sustainable solution to both issues. This paper presented a comprehensive review of the recent advancements in tunnel grouting materials using ISW, focusing on their feasibility, mechanical characteristics, and future development directions. Initially, the concept and classification of ISW were introduced, examining its feasibility and advantages as grouting materials in tunnels. Subsequently, various performances of ISW in tunnel grouting materials were summarized to explore the factors influencing mechanical strength, fluidity, durability, and microstructure characteristics. Simultaneously, this review analyzed current research trends and outlines future development directions. Major challenges, including quality assurance, environmental risks, and lack of standardized specifications, are discussed. Future research directions, including multifunctional grouts, integrated waste utilization, and advanced characterization techniques, are suggested to further advance this field. These findings provided useful insights for the continued development of high-performance and environmentally friendly ISW-based grouting materials.