The development of stable dispersion of nanoparticles in different oils is gaining momentum for close circuit applications as most of the mineral oils used are not very good thermal conductors. The enhancement of thermal conductivity with optimum enhancement of viscosity of oil with nanoparticles poses a serious challenge for use of such fluids in cooling. Transformer oil, mineral oil, silicon oil, hydrocarbon fuels, biodiesel, and some organic solutions have been used as the base fluids for studying the effect of nanoparticles for improving thermal efficiency. Innovative heat transfer fluids are produced by suspending metallic or nonmetallic nanometer-sized solid particles. Although a large number of sources are available on water-based nanofluids, the number of such reports on oil-based nanofluids is rather limited. The aim of this article is to summarize recent developments on the preparation methods of nanofluids based on oil, its stability, thermal conductivity enhancement, nanoparticle effect on viscosity, heat transfer characteristics, breakdown voltage, dielectric properties, and applications of such nanofluids.
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Sridhara et al. (2015) studied this question.
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