In this work, a hydrothermal method was used to prepare a novel, sulfur-free expandable graphite (EG), which was added to high-density polyethylene (HDPE) to improve the flammability and the dripping behavior of composites. Phosphoric acid (H3PO4) was utilized as the intercalating agent, and potassium permanganate and nitric acid were used as the oxidizing agent. EG was investigated using Fourier transform infrared spectroscopy, X-ray diffraction, X-ray photoelectron spectrometry, energy dispersive spectrometry, and scanning electron microscopy. Thermogravimetric analysis, the limiting oxygen index (LOI) and UL-94 were used to examine the thermal and flame-retardant properties of the composites. The results demonstrated that the EG composite exhibited much better thermal stability than pure polymer. Additionally, at 30 wt% EG loading, the LOI value of HDPE/ EG fabrication by H3PO4-hydrothermal method (PEG) was 30, and the flammability standard of UL-94 reached the V0 level, verifying that the EG that was prepared using the H3PO4-hydrothermal process can effectively be used in fireproof composites. The tensile modulus of the composites increased with increasing filler content, while the tensile strength decreased. EG enhanced flexural strength and flexural modulus of HDPE composites but not with high EG loading. The impact strength of the composites was diminished due to the incorporation of EG into HDPE matrix.