Thermal radiation coating with low thermal conductivity and high infrared emissivity are desirable. In this work, a novel rare‐earth aluminate (PrAlO3+δ with rhombohedral structure) was synthesized via solid‐state reaction method, and the corresponding coating was fabricated using atmospheric plasma spraying (APS). The study encompassed an investigation into the phase structure, high‐temperature phase stability, thermo‐mechanical characteristics, and infrared properties. The results illustrate that as‐deposited coating contained amorphous phase, but recrystallized coating presented phase stability up to 1600°C. Furthermore, the recrystallized coating exhibited low thermal conductivity of 1.35 W/m K at 900°C as well as an average coefficient of thermal expansion of 10.36 × 10−6/K. Also, the coating exhibited high infrared emissivity related to high valance state (Pr4+) and oxygen vacancies. And the average infrared emissivity within 2–14 µm was 0.822 at 1300°C and presented slight decrease with the increase of temperature (the average infrared emissivity of 0.795 at 1800°C).