Ferrofluids or magnetic nanofluids are highly stable colloidal suspensions of magnetic nanoparticles (NPs) dispersed into various base fluids. These stable ferrofluids possess high thermal conductivity, improved thermo-physical properties, higher colloidal stability, good magnetic properties, and biocompatibility, which are the primary driving forces behind their excellent performance, and thus enable them to be used for a wide range of practical applications. The most studied and advanced ferrofluids are based on iron oxide nanostructures especially NPs, because of their easy and large-scale synthesis at low costs.
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