The invention discloses an aqueous elastic exterior-wall 
coating and a preparation method thereof. The 
coating comprises the compositions in percent by 
mass: 0.5-2% of water, 20-25% of AP-261 pure acrylic 
emulsion, 19-22% of A-100 elastic 
emulsion, 5-8% of 
propylene glycol antifreezing agent, 4-6% of a film-forming auxiliary agent, 15-17% of CM-10120.0 union 
carbide, 12-17% of ultrafine 
titanium dioxide R-930, 4-6% of ultrafine kaolin 
powder, 4-6% of ultrafine 
mica powder, 4-6% of ultrafine 
calcite powder, 0.1-0.3% of a 
wetting agent AD-405, 0.2-1.0% of a 
thickening agent TE-936, 0.1-0.5% of a dispersant DP-01, 0.1-0.3% of Cognis 
antiseptic, and 0.1-0.3% of an antifoaming agent F-111. The 
coating has the advantages of being high in weatherability, high in 
chemical corrosion resistance, good in 
water resistance, scrubbing resistance and artificial 
ageing resistance, abundant in expressive force, strong in stereoperception, flexible, extremely strong in 
plasticity, strong in 
adhesive force, resistant to acids and alkalis, free of color 
fading, free of peeling, free of 
cracking, and easy for maintenance and 
recoating. The preparation technology is simple, cost is low and benefit is good.