What is Sponge Applicator Market Scope?
Sponge applicators are the ideal solution for liquid and paste products. Sponge applicators make it convenient for the user to collect and apply the product at the targeted area more efficiently. This helps in the reduction of wastage and makes the process more convenient. Contouring makeup is a big trend in the market place and these sponge applicators are specifically designed to camouflage, contour, and sculpt. Sponge applicators help to save time and are user-friendly due to their ease of usability. Sponge applicators are used across various industries which include cosmetics and personal care, pharmaceuticals, automotive, etc.
The Sponge Applicator market study is being classified by Type (Latex Sponge, Non-latex Sponge and Polyurethane Sponge), by Application (Cosmetics, Pharmaceuticals, Industrial, Personal Care and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Sponge Applicator market throughout the predicted period.
Coty, Inc. (United States), L'Oréal SA (France), Estée Lauder Companies Inc. (United States), New Avon Company (United States), Shenzhen Karina Makeup Tools Ltd (China), Yumark Enterprises Corp. (Taiwan), Qual Cosmetics (China), PUSPONGE (China), TaikiUSA Inc. (United States), KTT Enterprises (United States), Kryolan (United States), Huntsman Corporation (United States) and UFP Technologies, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are FXI Holdings, Inc. (United States), FoamPartner Group (Switzerland), The Woodbridge Group (Canada) and Porex Corporation (United States).
Analyst at AMA have segmented the market study of Global Sponge Applicator market by Type, Application and Region.
On the basis of geography, the market of Sponge Applicator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In March 2019, FXI Holdings, Inc. and Innocor, Inc. have signed an agreement to accelerate research & development in the foam industry. This agreement led to the introduction of new products to cater to the bedding, furniture, transportation, medical, filtration, acoustics, and other industrial sectors.
In January 2020, Coty, Inc., and Kylie Cosmetics have entered into a long-term strategic partnership to jointly build and expand Kylie Cosmetics' existing beauty business into a global powerhouse brand.
Influencing Market Trend
- Rising Demand for User-Friendly Sponge Applicator
- Rise in Demand for Sponge Applicators in Various Industry
- Sponge Applicators are Cost-Effective and Cater to a Large User Base
- Various Manufacturers are Continuous Investing in innovations in the Sponge Applicators making the Product More User-Friendly with Different Material such as NBR, SBR, silicone
- Lack of od Awareness About the Benefits of Sponge Applicator
Key Target AudienceSponge Applicator Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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