The invention relates to a polyurethane composite material for refrigeratory spray coating and a preparation method thereof. The composite material is composed of a component A and a component B in a weight ratio of 1:(1-1.05), wherein the component A is composed of polyether glycol, polyester polyol, crosslinking agent, foam stabilizer, foaming agent, catalyst, flame retardant and other assistants; and the component B is polymethylene polyphenyl polyisocyanate. The preparation method comprises the following steps: sequentially adding the components in the component A into a reaction kettle, and thoroughly mixing for 0.5-1.5 hours at normal temperature; and evenly mixing the component A and the component B in a weight ratio of 1:(1-1.05) with a high-pressure spray coater, atomizing, foaming, and quickly forming and aging the foam to obtain the product. The foam provided by the invention has the advantages of low heat conductivity coefficient, excellent low-temperature dimensional stability, high strength, excellent flame retardancy (the fireproofing grade reaches Grade B1), favorable binding property with the substrate, uniform density distribution and smooth surface, and is especially suitable for refrigeratory spray coating construction.