A coating composed by methyl phenyl silicone resin (PSi) and furan resin (FR) was prepared, and its curing mechanism, heat resistance, and anticorrosion properties were investigated by Fourier transform infrared spectroscopy, thermogravimetric analysis, electrochemical test, and chemical resistance test. Aldol condensation reaction between FR and PSi occurred at below 200°C, and PSi underwent self‐multidehydrogenation at above 200°C. These curing reactions gave excellent thermal stability and anticorrosion properties. Compared with pure PSi, the blended containing lower than 20 wt% FR had better thermal properties, manifested as over 390°C of 5 wt% weight loss temperature and over 40% of char yield at 800°C. The adhesion property of cured blended system on the metal surface reached the first level which exceeded that of pure PSi coating (the third level). Furthermore, the corrosion resistances of coating in acid, alkali, and salt environments were all improved compared with those of monomeric polymer coating. The impedance of blended coating in 3.5% NaCl solution decreased with increasing FR content, which was 1.8 × 106 Ω cm2 when the FR content was 40%, being higher than that of pure PSi coating (7.12 × 105 Ω cm2). This was mainly due to the formation of a cross‐linked network structure based on Si―O―C bond and the enhanced adhesion of cured blended coating. In addition, the surface roughness of cured blended coating was below 2.0 μm, which may have a positive effect on drag reduction in real applications.