Selective oxidation of isobutane to methacrolein (MAC) and methacrylic acid (MAA) has received great interest both in the chemical industry and in academic research. The advantages of this reaction originate not only from the low cost of the starting material and reduced process complexity, but also from limiting the use of toxic reactants and the production of wastes. Successive studies and reports have shown that heteropolycompounds (HPCs) with Keggin structure (under the form of partially neutralized acids with increased stability) can selectively convert isobutane to MAA and MAC due to their strong and tunable acidity and redox properties. This review hence aims to discuss the Keggin-type HPCs that have been used in recent years to catalyze the oxidation of isobutane to MAA and MAC, and to review alternative metal oxides with proper redox properties for the same reaction. In addition, the influence of the main reaction conditions will be discussed.