The Self-Propagating High-Temperature Synthesis (SHS) method has been used to produce a new class of active catalyst materials based on metals, metal oxides and spinels for various applications. The method is characterized by very fast processing times (of the order of minutes), relatively low preheating temperatures and very high reaction temperatures produced as a result of carefully designed exothermic reactions. A large range of materials have been produced and characterized by a variety of physico-chemical and mechanical tests. This review devoted to Catalytic properties of SHS products. A number of catalytically active materials all over the world have been identified which offer promise for applications ranging from oxidation of CO and hydrocarbons to reduction of NOx, methane dehydrogenation and other.