The invention discloses a plastic track thermoplastic elastomer and relates to the field of thermoplastic elastomers. The plastic track thermoplastic elastomer is composed of, by weight part, 25-35 parts of EPDM (ethylene-propylene-diene monomer), 7-13 parts of TPU (thermoplastic polyurethane), 36-44 parts of coral powder, 18-22 parts of naphthenic oil 4006, 3-5 parts of lubricant, 3-5 parts of carbonyl diamide, 1-2 parts of surfactant, 2-4 parts of iodized salt, 14-16 parts of diatomite, 2-3 parts of ultraviolet resistant agent, 2-4 parts of lithium aluminum hydride, 1-3 parts of vermiculitepowder, 2-4 parts of sodium alginate, 2-4 parts of benzalkonium, 1-3 parts of diphenylethane decabromide, 2-4 parts of magnesium hydrate and 0.5-1.5 parts of antimonous oxide. A plastic track made ofthe plastic track thermoplastic elastomer not only has the advantages of high elasticity, high strength, vibration resistance and the like, but also achieves high heat resistance and ageing resistanceas well as powerful fire resistance, thereby being long in service life; beside, the preparation method of the plastic track thermoplastic elastomer is simple and applicable to scale production.