Layered double hydroxides (LDH) has wide applications as non-toxic and halogen-free flame retardant for various resins and highly efficient thermal stabilizer for halogen-containing polymers. This review will discuss some public patents and relevant papers on the flame retardancy and the thermal stability of LDH/polymer composites when the LDHs with different chemical compositions are used as the additive in the polymer matrix. We have summarized these related LDHs in two tables: one for flame retardant and the other for thermal stabilizer.