The invention discloses a halogen-free flame-retardant polyethylene functional material for APCP and the preparation method of the material. The material has the following components and contents (based on weight proportion): 25-40% of polyethylene, 2.5-25% of modified polyethylene, 32-50% of brucite powders, 0.1-10.0% of silicone flame retardants, 0.5-3.5% of coupling agent, 0.5-8.5% of synergist, and 0.25-1.5% of antioxidant. The technical performance indicators of the material of the invention are as follows: 12.5 to19.5MPa for tensile yield strength, 30 to 230% for ultimate elongation, 15.5 to24.5 MPa for bending strength, 19.0 to 25.0KJ/m2 for notch impact strength, 85 to 95 DEG C for Vicat softening temperature, 1.25 to 1.37 g/cm3 for density, 32 to 36% for oxygen index, and 0.25 to 1.50g/10min for melt flow rate; besides, the environmental protection index of the material meets the International Safety Standards IEC62321, in line with the requirements of ROHS Directive. The preparation method of the invention is to use vacuum exhaust-type parallel twin-screw extruding hot-cutting and granulating technology to prepare the material. The raw materials of the invention can be easily obtained and the technology is easy to control; besides, the material of the invention has the advantages of excellent comprehensive performance and cost ratio, as well as good flame-retardant properties and thermal stability, which can be extruded and molded through injection and can realize large-scale continuous production.