Technically, yes. Drywall is made up of a material called gypsum which has a high resistance to heat. However, regular drywall on its own might not be fire resistant enough to meet building codes or provide as much protection as possible. In order to meet fire codes and have truly fire resistant materials, building contractors can opt for fire retardants for drywall. These products provide an extra layer of protection to the gypsum board and get the desired rating.