Polymer sintering is not only a well‐established procedure for producing functional polymeric parts, but it is also the basis for the relatively new additive manufacturing technique, selective laser sintering. Although studying the impact of thermo‐oxidative degradation during sintering has significant practical importance, few studies have focused on this aspect of the sintering process. In the present work, we have investigated the active thermo‐oxidative degradation mechanisms during sintering of high‐density polyethylene (HDPE) particles, the conditions that promote them, and their respective impact on the morphological evolution of the polyethylene particles. To perform a comprehensive study, we have complemented the rheological, thermal, chemical, and morphological analysis of the sintered HDPE particles with the study of their ensemble pore structure. We observed two distinct degradation regimes. At the beginning, the relatively low concentration of oxygen in the particles led to the dominance of branching and resulted in a pore structure evolution limited to surface relaxation. In the second regime and with the diffusion of more oxygen, chain scission became the dominant route. In this regime, the emergence of highly mobile short chains markedly accelerated the pore evolution.