Cosmetic Applicator Foam Market by Shape, Material Type, Region - Global Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Cosmetic Applicator Foam Market by Shape (Egg-shaped Sponges, Cosmetic Wedges, Others), Material Type (PU, Others), Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The cosmetic applicator foam market is projected to grow from USD 854 million in 2020 to USD 1,416 million by 2025, at a CAGR of 10.6% from 2020 to 2025.

The growing cosmetic industry and the benefits of cosmetic applicator foams are the major factors driving the market for cosmetic applicator foam.

The cosmetic wedges segment is projected to grow at the highest CAGR during the forecast period.

Based on shape, the cosmetic wedges segment of the market is projected to register the highest CAGR during the forecast period. The key factors driving the growth of cosmetic wedges segment is its unique, user-friendly design, and competitive pricing. Cosmetic wedges also need less maintenance compared to other sponges.

The PU segment is projected to grow at a higher CAGR during the forecast period.

Based on material type, the PU (polyurethane) segment of the market is projected to grow at a higher rate during the forecast period as compared to the other segments. The benefits of PU over other materials such as latex, PVA, and silicone is expected to drive the growth of PU material type segment during the forecast period. PU foams are biodegradable, odorless, and skin-friendly and have a uniform density with reasonable oil control. They also do not crump or shrink after usage.

The cosmetic applicator foam market in North America is projected to grow at the highest CAGR during the forecast period.

The cosmetic applicator foam market in North America is projected to grow at the highest CAGR from 2020 to 2025. Large customer base, high standard of living, and high disposable income in the country fuel the demand for cosmetics, resulting in increased manufacturing activities by local cosmetic OEMs. The increased production of cosmetics, along with higher adoption of advanced technologies, have boosted the demand for cosmetic applicator foams. The presence of major OEMs such as New Avon Company, Coty, Inc., and Este Lauder Companies Inc. in this region is another major factor driving the cosmetics industry and thereby the cosmetic applicator foam market.

Market Dynamics

Drivers

• Growing Cosmetic Industry
• Benefits of Cosmetic Applicator Foams

Restraints

• High Costs of Celebrity Endorsements or Advertisements

Opportunities

• Innovations and Advancements in Cosmetic Applicators

Challenges

• Availability of Several Makeup Brushes

Company Profiles

• Dow Inc.
• BASF SE
• Huntsman Corporation
• Armacell International S.A.
• UFP Technologies, Inc.
• Inoac Corporation
• Fxi Holdings, Inc.
• Foampartner Group
• The Woodbridge Group
• General Plastics Manufacturing Company
• Wisconsin Foam Products
• KTT Enterprises
• Luxaire Cushion Co.
• Taikiusa Inc.
• Porex Corporation
• Reilly Foam Corporation
• Coty, Inc.
• Este Lauder Companies Inc.
• L'oral Sa
• New Avon Company
• Beauty Bakerie
• Kryolan
• Shenzhen Karina Makeup Tools Ltd
• Yumark Enterprises Corp.
• Qual Cosmetics
• Pusponge

For more information about this report visit https://www.researchandmarkets.com/r/bnx933