Fe2O3 coated plate mica(Fe2O3/mica) for infrared reflectance red pigment was prepared under hydrothermal treatment. Fe2O3 was perfectly coated on mica via the difference of surface charge between Fe2O3 and mica particles at pH 3. Fe2O3/mica was then calcined at 800 oC to stabilize the coated layer on mica. The infrare (IR) reflectance pigments were characterized by X-ray diffraction, FE-SEM, zeta potential, and a UV-Vis-NIR spectrophotometer. In particular, the CIE color coordinate and IR reflectance properties of Fe2O3/mica pigments were investigated in relation to the thickness variation of the Fe2O3 layer coated on mica of various lateral sizes. The isolation-heat red paints containing the pigments were prepared and optimized with a thinner, settling agent, and dispersant. Then, the films were made. The thermal property of isolation-heat on these films was observed through the relationship of the IR reflectance value, which was based on the variation of the Fe2O3 layer’s thickness coated on mica and mica’s lateral size as IR reflectance pigment. With an increase in IR reflectance on these films, the thermal property of isolation-heat was effectively enhanced.