Abstract: A magnetic recording medium comprise a non-magnetic support and a magnetic layer formed thereon which is made of a composition comprising ferromagnetic particles and a resinous binder. The resinous binder comprises a polyurethane resin containing at least a high molecular polyol (A) and a diisocyanate (B) as its constituents. The high molecular polyol (A) comprises a polyol (a.sub.1) having a glass-transition temperature of 20.degree. C. or more and having a number average molecular weight in the range of 500 to 10,000, and the polyurethane resin has at least one hydroxyl group at its molecular terminals and the urethane bond concentration of the polyurethane resin is in the range of 500 to 1,500 equivalents/10.sup.6 g.

Abstract: A polyurethane resin composition containing a polyurethane resin composed of a high molecular weight polyol having a molecular weight of not less than 500, an organic polyisocyanate and optionally a compound having at least 2 active hydrogen-containing groups is disclosed. Not less than 30% by weight of the high molecular weight polyol is a polyester polyol, and the polyester polyol contains at least one tricyclic molecular skeleton in the molecular chain thereof in an amount of not less than 20 mole % based on total acid or glycol components.