The invention provides a novel heat, wear and low temperature resistant PVC pipe. By adding thiobisphenol, phosphite ester, a phenolic resin cross-linking agent, polylol and carbon fiber, and defining the content of each component, the added elements can reach a very good synergistic effect. On the basis of keeping the original heat resistance and wear resistance, the low temperature resistance and service life of the PVC pipe are significantly enhanced, and the mechanical properties are also strengthened to certain extent.