To provide a magnetic recording medium excellent in running properties, powder falling durability, electromagnetic transducing characteristics and the like using a binder satisfactory in dispersing and packing properties of magnetic powder, wear resistance, heat resistance, adhesion properties to a nonmagnetic substrate and the like.

The magnetic recording medium formed through the application of a a magnetic material formed by dispersing a ferromagnetic powder in the binder onto the nonmagnetic supporting body is characterized in that as the main component of the binder of a magnetic layer, polyurethane resin and/or polyester resin having a specific gravity of 1.27 or larger is used.