Main Difference
The main difference between Lipstick and Lip Balm is that the Lipstick is a cosmetic for coloring the lips and Lip Balm is a wax-like substance for moisturizing and relieving chapped or dry lips
Lipstick
Lipstick is a cosmetic product containing pigments, oils, waxes, and emollients that apply color, texture, and protection to the lips.
Many colors and types of lipstick exist. Some lipsticks are also lip balms, to add color and hydration.
Although the name originally applied to the baton (stick) of material, within a tubular container, usually around 10mm in diameter and 50mm in length the term now generally relates to the material itself, regardless of method of application.
Lip Balm
Lip balm or lip salve is a wax-like substance applied topically to the lips to moisturize and relieve chapped or dry lips, angular cheilitis, stomatitis, or cold sores. Lip balm often contains beeswax or carnauba wax, camphor, cetyl alcohol, lanolin, paraffin, and petrolatum, among other ingredients. Some varieties contain dyes, flavor, fragrance, phenol, salicylic acid, and sunscreen.
Lipstick (noun)
Makeup for the lips.
“Are you wearing any lipstick today?”
Lipstick (noun)
A stick of this make-up.
“I’d like three lipsticks in this shade.”
Lipstick (verb)
To apply lipstick to; to paint with lipstick.