Provided is a
fiber bundling agent that comprises an aqueous urethane resin composition containing a urethane resin and an
aqueous medium, and that is characterized in that: the urethane resin is obtained by using, as essential raw materials, a
polyol compound, a diisocyanate compound, a nonionic group-containing compound, and a hydrazine derivative having an active
hydrogen atom; the
polyol compound includes a
polyester polyol; the diisocyanate compound includes an aliphatic diisocyanate compound and / or an alicyclic diisocyanate compound; the nonionic group-containing compound includes polyoxyethylene
monomethyl ether and / or
polyethylene glycol; and the percentage content of the nonionic group-containing compound is in the range of 3-10
mass% of the raw materials of the urethane resin. The
fiber bundling agent exhibits excellent storage stability and bundling properties, generates less
pyrolysis gases during molding, and can contribute to yellowing resistance of a formed product.