By means of IR and Raman spectroscopy chemical and physical properties of foamed cokes, formed during combustion and pyrolysis of PP based compositions, containing intumescent fire retardants (IFR) were investigated. It was established that thermal conductivity coefficients of coke material lie in the range of 0.12–0.32 W/m/K and are weakly dependent on the initial composition of IFR. It was shown that the effectiveness of IFR is mainly determined by the internal microstructure of the foamed cokes and the kinetic parameters of their formation.