The invention discloses a rubber sheath material used by a self-regulating electric tracing band. The rubber sheath material comprises the following raw materials in parts by weight: 70-100 parts of ethylene propylene diene monomer, 20-50 parts of carboxylated nitrile rubber, 25-30 parts of chloroprene rubber, 1-3 parts of dicumyl peroxide, 2-6 parts of 2,5-dimethyl-2,5-di(t-butylperoxy)-3-hexyne, 1-2 parts of triallyl isocyanurate, 0.5-2 parts of sodium dichromate, 50-70 parts of modified glass fibers, 20-40 parts of graphite powder, 5-15 parts of high abrasion furnace black, 10-20 parts of silicon carbide, 8-16 parts of kaolin, 20-35 parts of copper powder, 1-2 parts of antioxidant AT-215, 2-6 parts of sodium lignosulphonate, 1-2 parts of diisodecyl phthalate, 1-2 parts of polyvinyl butyral, 1-2 parts of liquid coumarone resin and 0.8-1.5 parts of tributyl citrate. The rubber sheath material has good heat transfer performance, high hardness and excellent abrasion resistance.