At present, the application of fullerene in polymer materials has become an attractive issue. Fullerene can enhance the thermal and flame-retardant properties of polymers due to its high capacity to trap free radicals. Fullerene also has good synergistic effect with inorganic metal flame retardant, intumescent flame retardant, brominated flame retardant (BFR), clay, carbon nanotubes, graphene oxide, and so on. In this review, the impact and mechanism of fullerene and its derivatives on the thermal and flame-retardant properties of polymeric materials are discussed. And the prospect of fullerene in flame-retardant polymer composites is also briefly introduced by analyzing the research progress in the recent years. Scheme 8. Schematic representation of the mechanism for the thermal degradation of HDPE/C 60 composite: (a) the thermal degradation process of HDPE; (b) the thermal degradation process of HDPE/C 60 composite. 53 [Color figure can be viewed at wileyonlinelibrary.com] REVIEW WILEYONLINELIBRARY.COM/APP