The invention relates to a novel polymer composite material and a preparation method thereof. The raw materials of the novel polymer composite material comprise, by weight, 6-8 parts of calcium stearate, 5-7 parts of zinc stearate, 3-6 parts of TBHQ, 4-8 parts of octadecanoic acid, 2-6 parts of papain, 6-10 parts of silicone oil, 5-9 parts of cocoanut fatty acid diethanolamide, 2-5 parts of PPD, 3-10 parts of fatty alcohol polyoxyethylene ether and 8-10 parts of deionized water. The novel polymer composite material has the advantages of easiness in obtaining, low cost, environmental protection, greenness, reduced frictional performance, reduced resistance, easiness in absorption, acceleration of the lubrication speed, improvement of the wear resistance, increased wetness, increase of the surface tension, improved toughness, fast emulsification speed and good anti-oxidation effect and prolongation of the service life.