A binder for coating compounds which is to be applied from the aqueous phase, which binder comprises a polyisocyanate component and a polyhydroxyl component, is free from dispersing agents and solvents and is either dispersed in water or partly dispersed and partly dissolved, characterized in that:
- (1) the polyisocyanate component consists of a water-dispersible or water-soluble blocked polyisocyanate obtainable by a process comprising reacting a polyisocyanate which is neither soluble nor dispersible in water with
- (a) a blocking agent, such that 50 to 99.8% of the isocyanate groups are blocked, and either
- (b) organic polyaminosulfonates in an amount sufficient to render the polyisocyanate dispersible or soluble, or
- (c) organic polyaminosulfonic acids and subsequently neutralizing sufficient acid groups to render the polyisocyanate dispersible or soluble;
- and
- (2) the polyhydroxyl component consists of a polyester polyol which is neither dispersible nor soluble in water and/or a polyhydroxy polyacrylate which is neither dispersible nor soluble in water;
- the above-mentioned components being present in such proportions that from 0.5 to 2 equivalents of hydroxyl groups are available per equivalent of blocked isocyanate groups.