Water is a great solvent. It’s neutral and doesn’t provide any strong positive or negative effects. It just helps components to mix better and to transport active components.
Polysorbate 80 is a formulation component. It helps the components to mix better and makes the product feel smooth on the skin.
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Fragrance
Roles: Deodorant, Fragrance, Masking
Fragrances
Fragrance is a mix of chemical ingredients (usually 20-30 chemicals but up to 200 sometimes) that help the product to smell better. It can hide many bad things. Synthetic fragrances may contain many different chemicals, but manufacturers don’t want to reveal each of them for some reason and hide them behind the word "Fragrance".
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Eugenol
Roles: Fragrance, Masking
Allergens
Eugenol is a fragrance and one of the ingredients you should use carefully. It is in the list of 26 European Union fragrances that have to be labeled separately because of allergen potential. Laboratory studies show that the component is cytotoxic even at low concentrations. But no studies were performed on humans. In general, it's not the best skincare component.
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Limonene
Roles: Fragrance
Antiseptic
Allergens
Limonene provides a nice and fresh citrus scent. It can be found in many plants. It's used in cosmetics because of its low price and pleasant smell.