In this work, we study the two-proton ($2p$) radioactivity half-lives for nuclei near or beyond the proton drip line within the Coulomb and proximity potential model (CPPM). We investigate the 28 versions of proximity potential formalisms, which were proposed for heavy-ion fusion reactions, heavy-ion elastic scattering, ternary fission and other applications. The results indicate that BW91 and Bass77 are inappropriate for handling $2p$ radioactivity since the classical turning point $r_{in}$ cannot be obtained for the depth of the total interaction potential between the released two protons and daughter nucleus being greater than the $2p$ radioactivity released energy. Among the other 26 proximity potential formalisms, the one proposed by Royer \textit{et al.} in 1984 denoted as Prox.77-8 is the best version with the lowest rms deviations between experimental data and relevant theoretical results. It is worth mentioning that the calculations of Coulomb and Proximity Potential Model for Deformed Nuclei [PRC 104, 064613 (2021)] has least standard deviation ($\sigma$=0.592) compared with present model and other models/formulae. Furthermore, we use CPPM with Prox.77-8 to predict the $2p$ radioactivity half-lives of 35 potential candidates whose $2p$ radioactivity is energetically allowed or observed but not yet quantified in NUBASE2020. The predicted results are consistent with previous theoretical models such as the unified fission model (UFM), generalized liquid drop model (GLDM) and effective liquid drop model (ELDM).