A resource utilization method of paint slag includes the following steps that (1) pretreatment and separation are conducted, specifically, the wet paint slag is pretreated through a grinding modified spray drying method and separated into two components which are powdery or granular slag and organic matter waster liquid, or the wet paint slag is pretreated and separated into two components which are solid slag and organic matter waster liquid through an acid-modified baking hardening treatment technology; and (2) the water-containing organic matter waster liquid obtained in the step (1) is placed in a stirring tank, an emulsifying agent and a modifier are sequentially added into the water-containing organic matter waster liquid with constant stirring, uniform stirring is conducted, and a product is obtained. According to component characteristics of the wet paint slag, the wet paint slag is pretreated and separated into the two components which are the solid slag raw material convenient to use and the organic matter waster liquid containing volatile matter, namely water, and then the water-containing organic matter waster liquid is made into the liquid-state coal clean combustion improver; and the process method is simple, safe and free of secondary pollution, takes effect rapidly, is low in treatment or utilization cost, and is good in economical efficiency.