To address the environmental pollution caused by nitrogen oxides, V₂O₅-WO₃/TiO₂ is widely used as a catalyst based on selective catalytic reduction (SCR) technology. However, spent SCR catalysts pose a potential hazard to the environment due to the presence of heavy metals. This problem continues to plague countries with predominantly thermal power generation, and landfills as the dominant disposal method wastes significant metal resources. Previous research into the recovery of these metal resources has received considerable attention. Here, we summarise the methods of recovery and find that research trends are beginning to move towards improving the added value of recovered products. One very promising application is photocatalysts; however, the atomic efficiency of current methods is not satisfactory. Therefore, this review first focuses on the regeneration of spent SCR catalysts and the processes used for elemental extraction to clarify what forms of V, W and Ti can be obtained from existing processes. This is followed by providing directions for the conversion of spent SCR catalysts into photocatalysts with improvements based on such processes. From a different perspective, this also provides a new resource for photocatalysts and is expected to significantly reduce the cost of photocatalyst production.