Multifunctional liquid rubber spray coating comprises components of A, B, wherein A component comprises liquid rubber asphalt emulsion whose solid content is 50-75%, wherein 2-65% rubber elusion content, 30-97% asphalt elusion content, 0.0-5.0% carbon black, 0.0-6.0% ultra-fine powder, 0.025-2.50% anion dispersing agent and 0.025-3.00% anion surface activator, which is waterborne spray coating, and B component is water solution which comprises 3.0-18.0% concentration calcii chloridum (89.0-99.2%), sodium chloride (0.50-4.0%) and composite aluminum iron polymer (0.3-7.0%). The two components are sprayed on the same basal plane through adopting a double-component airless spraying device to form a gelatin film with 0.5-4mm after 3-5 seconds solidification, which has the characteristics of strong bonding, temperature resistance, weather resistance, and excellent chemical stability, heat insulation and puncture resistance. The A component can be individually sprayed, or can be combined with the double components.