The invention relates to an engineering material and particularly relates to a grouting material for repairing concrete cracks in deep water. Cement, slag powder and rubber powder are taken as base materials, silica powder, gypsum powder, polyester fiber, a water reducing agent, water-based latex and a water-based curing agent are added according to a certain ratio, water is added, then the components are blended to form a groutable underwater non-dispersible plastomer, the plastomer is solidified to form an elastic solid capable of being bonded firmly to the interface of a concrete crack, andthe grouting material is mainly applied to the field of repair of concrete cracks in hydraulic engineering. The solidified cement-based elastic grouting material has the characteristics of high binding strength with underwater concrete, high head permeation resistance, high corrosion resistance, high elasticity, adaptability to concrete crack vibration and deformation, and the like.