The invention provides a micro hollow fiber thermal insulating coating for buildings and an application method thereof. The micro hollow fiber thermal insulating coating for buildings is divided into a I-type single-component micro hollow fiber thermal insulating coating for buildings and a II-type double-component micro hollow fiber thermal insulating coating for buildings, and is used as an exterior wall thermal insulating coating or used to pipes and other various places needing coating the thermal insulating coating. The coating is added with super hollow fibers and aramid fibers with high-temperature resistance, acid and alkali resistance and light weight, so that the coating has the advantages of low thermal coefficient and heat storage coefficient, obvious heat retaining effect, nontoxic formula, environmental protection, excellent fire resistance, super-strong chemical stability, high cohesional strength, noise removal, high cost performance, long service life, wide application, simple and easy construction, good effect, labor and physical resource conservation, and obvious economic and environment-friendly benefits.