I. Introduction
Viscoelastic properties of magnetic nanofluids (MNFs) play an essential role in the device development, as magnetic control on fluid behavior is a promising field in numerous applications. MNFs commonly known as ferrofluids are synthetic fluids having ultra-fine ferromagnetic and ferrimagnetic particles in the size range (2–40 nm) dispersed in the magnetically passive medium. [1] These fluids show non-Newtonian behavior when subject to the external magnetic field. Magnetic nanoparticles (MNPs) dispersed in MNFs form a chain-like structure in the field direction, which causes hindrance to the streamline fluid flow, which leads to an increase in viscosity. The morphology, dilution, carrier fluid, and surfactant of MNFs are the key parameters which strongly influence the magneto-viscous effect (MVE). Optimization of MVE with varying particle size is essential for various device applications in engineering (motors, bearings, actuators, sensors, and thermal applications), as well as biological application (hyperthermia treatment, drug delivery) [2]–[5].