The invention relates to an aquasol self-adhesive elastic bandage which comprises aquasol and elastic fabric, and the formula of the aquasol is as follows: 62 to 90 percent of emulsion adhesive, 0.1 to 10 percent of tackifier, 0.5 to 20 percent of softener, 0.001 to 2 percent of age inhibitor, 0.1 to 5 percent of environmental-friendly additive and 0.1 to 1 percent of colorant; the elastic fabric is one type of elastic cotton fabric, elastic chemical fiber fabric, elastic chemical fiber/cotton blended fabric; the manufacturing process comprises the following steps that: first, mixing the aquasol by the component, then selecting one type of the elastic cotton fabric, the elastic chemical fiber fabric, the elastic chemical fiber/cotton blended fabric as the backup fabric, putting the mixed aquasol into gluing equipment, uniformly applying the aquasol onto the prepared elastic fabric through rolling, spray coating, roll coating, scrape coating and extrusion coating processes, and manufacturing aquasol self-adhesive elastic bandage products with various specifications through a rolling device. The products manufactured through the method have the advantages of good air permeability, comfortable feel, no mildew after long-termed storage, convenient use and the like.