Yes. Has good ingredients to attract water to the skin. But: it can't help seal in the moisture and reduce water loss over time, so you might want to use an additional product with good emollient ingredients (like oils, butters, or silicones)
glyceryl acrylate/acrylic acid copolymer
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What does the product description say?
"Face serum for dehydrated skin which redensifies skin tissue and smoothes fine lines and wrinkles."