Abstract: A green, safe and environmentally-friendly process and production equipment for industrialized continuous large-scale production of a formaldehyde-free water-based adhesive; the process includes: performing a polymerization reaction on a monomer having a carbon-carbon unsaturated double bond and an acid anhydride group and at least one other monomer containing a carbon-carbon unsaturated double bond that serve as raw materials in the presence of a solvent and an initiator; and performing solid-liquid separation on the polymerization reaction solution under the action of a high-temperature inert carrier gas, vaporizing, condensing, and recovering the solvent for indiscriminate use in polymerization reaction, and performing a gas-solid reaction on the solid material serving as a polymer intermediate and a mixed gas of ammonia gas and air to obtain a solid formaldehyde-free water-based adhesive product.