The invention discloses a temperature and humidity regulating type composite coating material and a preparation method thereof. The material is prepared from raw materials as follows: a styrene/butyl acrylate emulsion, deionized water, modified artificial zeolite, shape-stabilized phase change materials, silica sol, alcohol ester 12, nano titanium dioxide, an antibacterial agent, a thickening agent, a dispersant, an antifoaming agent and 0.5-1.5 parts of a sodium hydroxide solution. Compared with existing various ceramic-simulating coatings, dry powder coatings and resin coatings, the temperature and humidity regulating type composite coating material prepared with the method has the characteristics of high moisture absorption capacity, high moisture adsorption and release speed, thermal insulation, air purification, good flexibility, long service life, convenience in construction and the like, is suitable for indoor decoration of high-standard hotels, office buildings, houses and the like with high requirements for comfort of human bodies, can also be used for space decoration of a storage room, an underground warehouse and the like with moisture-proof and mildew-proof demands and belongs to an energy-saving and environment-friendly building coating.