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.
Palmitic Acid is an emulsion stabilizer. It reduces water evaporation from the surface of your skin. That’s why this component is good if you suffer from dryness. It also increases the efficiency of other surfactants in the formulation. It can be found in many organic oils including Avocado oil, Cocoa oil, Olive oil etc.
Triethanolamine is a pH adjuster. It is a toxic component that can be absorbed by the skin and detected in blood later. It can be a dermal irritant. Though it's considered safe, you should think before using it in skincare. There are many products on the market without Triethanolamine.
Stearic Acid doesn’t belong to aggressive acids. It’s a fatty acid that can be found in Shea Butter, Cocoa Butter, and many natural butters and oils. The component is mostly used for formulation purposes. It makes the product spread and feel better. It’s one of the most important fatty acids in our skin cells.