NaturalNano, Inc. (OTCBB: NNAN) saw its stock balloon 72.4% Monday afternoon to half a cent, on exciting projections for the nanotechnology sector in general. Volume for the stock topped 30.8 million shares, compared to average volume of just under one million.

The company, headquartered in Rochester, New York, reported Monday that the latest projections for the rapidly expanding global market for nanotechnology based products are projected to grow at a cumulative rate of ~19% worldwide during the period 2011-2013 according to a recent report from the Singapore Institute of Manufacturing Technology.

The global market for nanotechnology based manufactured goods will be of worth $2.4 trillion U.S. by 2015, largely driven by massive investment in nanotechnology R&D and commercialization by both governments and corporations worldwide.

NaturalNano CEO Jim Wemett said “Nanotechnology is evolving and has influenced a large number of industrial segments and is set to play a pivotal role in various industry segments in the 21st century. We are very excited by our particular segment of this attractive market. We hold exclusive rights to over 20 patents or pending applications and are well positioned to capitalize on these market opportunities in our two core areas, Cosmetics and Polymers.”

NaturalNano, Inc. is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer that adds value to industrial polymers, plastics and composites.