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.
Glyceryl Stearate SE is a nice moisturizing ingredient. It hydrates the upper layers of the skin and fills small wrinkles. In haircare products, it's used for making hair softer.
Glycolic Acid is the most researched AHA with proven efficiency and it’s a super powerful component. It’s a great exfoliator, meaning it helps to remove dead skin cells preventing bacterial growth, and make your skin look fresh and smooth. It helps to remove dark spots and areas, making skin tone even. But the most serious reason for using this component is that it helps to produce collagen, which is very important for keeping your skin healthy. This is what makes Glycolic Acid so special. Pay attention, that using any AHA makes your skin more UV sensitive. It’s very important to use good sunscreen after applying AHA.
It's an exfoliator, meaning it increases UV sensitivity of your skin. That's why it's very important to use sunscreen after it.
Gluconolactone belongs to poly hydroxy acids (PHA). It’s very similar to AHAs chemically, that’s why it is usually presented as a «Next Generation AHA». It has all the benefits of AHA but it doesn’t irritate the skin. It’s a strong natural antioxidant which is as strong as Tocopherol or Ascorbic Acid.