Magnetic nanocomposites have become increasingly important materials in
distinct fields in terms of application and potential, such as biomedical engineering,
environmental chemistry, energy storage, and the electronic industry. These materials
incorporate characteristics of nanoparticles with the structural benefits of composite
matrices, including high thermal stability, magnetic responsivity, and multi-functional
properties. Recent advancements have been determined by improvements in synthesis
methods, performance, and modified properties for various uses. Advancements in
biomedical applications, such as drug targeting, magnetic hyperthermia, and
biosensors, point towards a revolutionary future for healthcare. At the same time, they
are becoming more involved in clean energy technologies such as supercapacitors and
catalysts in the process of energy conversion. Machine learning for property prediction
is another area that needs to be focused on, and the development of novel green
synthesis methods is the major future research direction. This paper presents an
analysis of magnetic nanocomposites and, additionally, future developments that
suggest advancements in various fields with various challenges to combating world
issues.
Keywords: Energy storage, Environmental remediation, Magnetic nanocomposites, Magnetic hyperthermia, Targeted drug delivery.
