A thermal recording material having a support and, formed thereon, a thermal coloring layer containing an electron donating colorless dye and an electron accepting compound, wherein the electron accepting compound comprises 4-hydroxybenzenesulfoneanilide and the support comprises a used paper pulp as a primary component; the thermal recording material which further comprises at least one of calcium carbonate of calcite type, amorphous silica and aluminum hydroxide as an inorganic pigment; and the thermal recording material wherein the electron donating colorless dye comprises a specific colorless dye and the recording material is formed through the use of a liquid pigment dispersion having a pH of 7 to 10.