The invention belongs to the technical field of powder coatings, particularly relates to an epoxidation polyester resin and further discloses a preparation method of the epoxidation polyester resin and application of the prepared powder material. The epoxidation polyester resin is prepared by copolymerizing the raw materials of diethyl terephthalate, glutamic acid, mercaptosuccinic acid, 12-hydroxy stearic acid, dyhydroxyl-1-ethyl benzene, 2,5-dimethyl-2,5-hexanediol, neopentyl glycol, resorcinol diglycidyl ether and the like, the acid value of the finally obtained polyester resin is lower than 2 mgKOH / g, the epoxide equivalent is 800-900 g / mol, the softening point is 85-105 DEG C, the polyester resin can substitute E-12 epoxy resin and the commercially available high-acid-value carboxyl polyester (the acid value is 48-52 mgKOH / g) to cure, a coating film completely reaches the requirement of the powder coating, and the prepared powder coating is better in stability and boiling resistance.