Disclosed is a highly-elastic binocular material compounding machine, comprising a machine frame (14), wherein a lining placement device, a rubberizing device and a lining and fabric compounding device are respectively provided from the left end to the right end of the machine frame; the lining placement device comprises a movable placement frame (1) arranged on the machine frame; the rubberizing device comprises a movable rubberizing frame (4), and the movable rubberizing frame is provided with a scraper (6) and a rubberizing roller (7); and the lining and fabric compounding device comprises annular transmission mechanisms composed of synchronizing wheels (8), a plurality of sets of annular transmission mechanisms are arranged from left to right, and the annular transmission mechanisms comprise at least six sets of synchronizing wheel transmission systems. The highly-elastic binocular material compounding machine can perform rubberizing and compounding on cylindrical materials, and can perform transmission v