As thermoplastic materials are widely used in buildings, the fire hazards of thermoplastic materials are increasingly becoming a central issue in fire safety research due to their unique pyrolysis and melting mechanisms. In this paper, the features and common types of thermoplastic materials are introduced first. Then, the combustion behavior of thermoplastic materials is theoretically analyzed based on the empirical formulas and heat balance equations, such as the pyrolysis kinetics, ignition time, melting and dripping, flame, burning rate and mass loss rate, temperature and heat flow, gas products, and influencing factors. The influencing factors basically include the sample properties (width, incline angle, and thickness, etc.), the façade structure (sidewalls, curtain wall, etc.), the ambient conditions (altitude, pressure, and gravity, etc.), and the flame retardant treatment. Similarly, this study also illustrates the vertical and horizontal flame spread behavior of the thermoplastic materials and the influencing factors. The utilized methods include the experimental methods, the analytical methodologies, and the approaches for numerical simulation. Finally, the problems encountered at this stage and worthy of further study in the future are presented.