The invention discloses an insulating refractory material of polymerized silicon and aluminum and the preparation method, applied in construction and industrial facilities, which is characterized in that: excitation, gas evolution and polymerization are carried out for industrial wastes abundant in aluminum oxide, silicon dioxide, and the complex of the silicon dioxide and aluminum oxide, so as to obtain a three-dimensional aluminum silicate minerals with an internal structure made of a plurality of phases from amorphous to semi-crystalline inside, and an internal form in silica tetrahedron and alumina tetrahedron; a plurality of molecules are linked mainly through ionic or covalent bonds, the mechanical properties of the inorganic concretion are externally presented. The raw materials are composed of silicon and aluminum materials as kaolin, fly ashes, coal gangue, cinder, and red mud; without adding any gelled materials, a high temperature and corrosion resistant porous long-chain structure is formed with an intensity over 0.8MPa and a thermal conductivity coefficient of 0.087 (kilocalorie/ meter x hour x centigrade). The insulating refractory material is applied not only for the heat insulation wallboards in the building but also for the heat insulation and preservation of the industrial thermal pipelines and facilities.