Cosmetics Formulation Development

Hello, I would like to inquire. Which substance causes the formula to stratify? The formula is as follows. Aluminum Chlorohydrate 10% Triethyl citrate 2% Ethyl Ascorbic acid 2% Disodium EDTA 0.2% Butylene Glycol 10 % Menthone Glycerin Acetal 10% Propanediol : Ethylhexylglycerin 1% Water qs 100 or stratification caused by coolant Freeze Me ( Menthone Glycerin Acetal ) doesn't fit the formula? If it is used in a formula with a pH of about 4, will it cause stratification? Thank you.

Hello Menthone Glycerin Acetal soluble in oil. This formula must be coordinated, but the formula does not have a binder.