The invention relates to a lamp heat dissipation material, in particular to an aluminum-based composite heat dissipation material containing glass wool and used for a light LED (light-emitting diode). The heat dissipation material is prepared from the following raw materials in parts by weight: 80-83 parts of aluminum, 4-5 parts of copper, 2-3 parts of iron, 6-8 parts of aluminum nitride, 9-10 parts of titanium-silicon powder, 2-4 parts of glass wool, 3-5 parts of zinc oxide, 1-3 parts of chrome iron ores, 1-2 parts of manganese oxide ores, 0.2-0.3 part of hexadecyl trimethyl ammonium bromide, 6-8 parts of aluminum hydroxide, 1-2 parts of palmitic acid and 4-5 parts of auxiliaries. The heat dissipation material integrates advantages of raw materials such as the aluminum, the copper, the iron, the aluminum nitride, the glass wool, and the like, and has good heat conduction and insulating property; after being subjected to soaking treatment in a palmitic acid solution, the titanium silicon powder and the glass wool are more liable to be compatible with other raw materials so as to achieve good heat-absorbing and insulating properties. The heat dissipation material prepared in the invention is easy to process and form; and a prepared finished product is smooth and compact in surface, low in weight, high in strength and high in heat conduction coefficient, so that the service lives of lamps are effectively prolonged.