The invention discloses water-based environment-friendly porcelain glaze-like plastic coating and a preparation method thereof. The water-based environment-friendly porcelain glaze-like plastic coating adopts a formula comprising the following materials by mass: 20 to 40 percent of a water-based acrylic emulsion, 10 to 20 percent of water-based silica sol, 35 to 50 percent of water-based inorganic silicon dioxide nanodispersion, 0.1 to 0.3 percent of a wetting dispersant, 1 to 5 percent of silane, 0.1 to 0.5 percent of an amine neutralizing agent, 5 to 10 percent of lead-free pigment, 0.5 to 2.5 percent of a film-forming additive, and 5 to 25 percent of deionized water. The water-based environment-friendly porcelain glaze-like plastic coating can be coated on the surfaces of various materials in the form of porcelain glaze, and can be applied on the surfaces of the materials of various shapes through roller-applied coating, shower coating, spraying, blade coating, brush coating, dip coating and the like; moreover, the formed porcelain glaze coating is unique and free from hydrolysis, and cannot be melted at a certain temperature, so that a base material can be effectively protected from corrosion, abrasion, scraping, acid-alkali, impact, inflaming and fire.