Ferrofluids are colloidal
suspensions of iron oxide nanoparticles
(IONPs) within aqueous or nonaqueous liquids that exhibit strong magnetic
properties. These magnetic properties allow ferrofluids to be manipulated
and controlled when exposed to magnetic fields. This review aims to
provide the current scope and research opportunities regarding the
methods of synthesis of nanoparticles, surfactants, and carrier liquids
for ferrofluid production, along with the rheology and applications
of ferrofluids within the fields of medicine, water treatment, and
mechanical engineering. A ferrofluid is composed of IONPs, a surfactant
that coats the magnetic IONPs to prevent agglomeration, and a carrier
liquid that suspends the IONPs. Coprecipitation and thermal decomposition
are the main methods used for the synthesis of IONPs. Despite the
fact that thermal decomposition provides precise control on the nanoparticle
size, coprecipitation is the most used method, even when the oxidation
of iron can occur. This oxidation alters the ratio of maghemite/magnetite,
influencing the magnetic properties of ferrofluids. Strategies to
overcome iron oxidation have been proposed, such as the use of an
inert atmosphere, adjusting the Fe(II) and Fe(III) ratio to 1:2, and
the exploration of other metals with the oxidation state +2. Surfactants
and carrier liquids are chosen according to the ferrofluid application
to ensure stability. Hence, a compatible carrier liquid (polar or
nonpolar) is selected, and then, a surfactant, mainly a polymer, is
embedded in the IONPs, providing a steric barrier. Due to the variety
of surfactants and carrier liquids, the rheological properties of
ferrofluids are an important response variable evaluated when synthesizing
ferrofluids. There are many reported applications of ferrofluids,
including biosensing, medical imaging, medicinal therapy, magnetic
nanoemulsions, and magnetic impedance. Other applications include
water treatment, energy harvesting and transfer, and vibration control.
To progress from synthesis to applications, research is still ongoing
to ensure control of the ferrofluids’ properties.