The quantitative structure‐property relationship (QSPR) approach has widely been used to predict several physicochemical properties of materials employing the information obtained from their chemical structures (numerical descriptors). In the present work, we have generated three individual QSPR models for three different endpoints for a large number of polymers in order to determine their fire retardant property such as heat release capacity, total heat release, and %Char, using the only two‐dimensional descriptors with definite physicochemical meaning. Relevant subsets of descriptors were selected employing a genetic algorithm approach; subsequently, the selected descriptors were utilised for the identification of the best combination of the variables for the model generation, while the final models were developed employing the partial least squares (PLS) regression algorithm. The generated models were rigorously validated using various internationally accepted internal and external validation metrics. All the models showed promising statistical quality in terms of determination coefficient R2
(0.802, 0.842 and 0.826), cross‐validated leave‐one‐out Q2 (0.759, 0.810 and 0.752) and predictive R2pred or Q2ext (0.810, 0.900 and 0.847) for HRC (nTraining=62, nTest=28), THR (nTraining=64, nTest=21) and %char (nTraining=49, nTest=21) datasets, respectively. All the certified models were used for prediction of flammability characteristics of 37 external set compounds, and further, the quality of prediction was determined by using the PRI software tool. The final models of HRC, THR and %Char formation of polymers may be useful to predict the flammability characteristics of polymers quickly before their synthesis and used as a better alternative approach to the experimental testing of flammability of polymers.