What Raven Lining Systems does

Raven Lining Systems, now marketed as PPG RAVEN following PPG Industries' acquisition in February 2021, is a US-based manufacturer of high-performance protective coatings and lining systems. The company was founded in 1986 (or 1988 per firmographic data) and is headquartered in Kansas City, operating as a sub-brand within PPG's Protective and Marine Coatings division. Its product portfolio targets corrosion protection across three infrastructure verticals: municipal potable water, municipal wastewater and manhole rehabilitation, and oil and gas secondary containment.

The core technology stack centers on three specialty coating systems. PPG AQUATAFLEX Series is built on a patented Tri-Hybrid chemistry that combines the chemical resistance of epoxy, the flexibility of polyurethane, and the fast cure of polyurea in a single formulation for dual wastewater and water use. PPG AQUATAPOXY Series holds ANSI Standard 61 certification for potable water applications and is positioned around fast return-to-service to minimize operational disruption. PPG RAVEN 405 is the flagship ultra-high build epoxy lining system rated for severe caustic wastewater environments. Underlying these are registered trademarks (PPG RAVEN, AQUATAFLEX, AQUATAPOXY) and proprietary application know-how.

Raven generates revenue primarily through one-time product sales of its coating systems to municipal and industrial customers, with a secondary stream of professional services revenue from training and certifying contractor applicators. Distribution is exclusively indirect, relying on a US and Canadian network of certified applicators who must acquire specialized installation equipment and complete NACE-instructed training programs, plus authorized distributors accessible through PPG's locator tool. Pricing is quote-based and not publicly disclosed, consistent with project-driven industrial coatings sales. The company serves municipal water utilities, municipal wastewater systems operators, and oil and gas facility owners via the certified applicator channel.

Name

Raven Lining Systems

Legal name

Raven Lining Systems Inc.

Website

https://ravenlining.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Raven Lining Systems (PPG RAVEN) manufactures high-performance protective coatings and lining systems for municipal water, wastewater, manhole rehabilitation, and oil and gas secondary containment, distributed via a certified applicator network in the US and Canada.

Ownership category

akta.pro rank

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Coatings Sales: Sale of high-performance coating and lining systems including AQUATAFLEX, AQUATAPOXY, and RAVEN 405 products to water, wastewater, and oil/gas infrastructure customers through certified applicators and distributors
2. Certified Applicator Training: Training programs for contractors instructed by NACE certified staff to become certified PPG Raven applicators

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Raven Lining Systems manufactures high-performance epoxy, polyurethane, and polyurea protective coatings and lining systems for water, wastewater, and oil and gas infrastructure. The company sells its formulations through a certified applicator network and authorized distributors, with installation performed by trained contractors on municipal and industrial assets.

Product overview

PPG RAVEN® is a manufacturer of high-performance coatings and linings systems acquired by PPG in February 2021. The product portfolio centers on infrastructure protection for water, wastewater, and manhole rehabilitation, with expansion into oil and gas secondary containment. The product line includes the AQUATAFLEX® Series (Tri-Hybrid technology for wastewater/water applications), AQUATAPOXY® Series (ANSI 61 certified coatings for potable water), and RAVEN® 405 (flagship ultra-high build epoxy for wastewater). Services include a Certified Applicator Program that trains and qualifies contractors via NACE certified staff to ensure proper installation of epoxy systems. The company serves customers throughout the United States and Canada via a certified applicator network.

Differentiator

Problem solved

Functional benefit

Brands

• PPG AQUATAFLEX Series: Breakthrough technology made for both wastewater and water applications with a unique Tri-Hybrid chemistry that includes the chemical resistance of an epoxy, the flexibility of a polyurethane and the fast cure of a polyurea.
• PPG AQUATAPOXY Series
• PPG RAVEN 405

Products and services

• PPG AQUATAFLEX Series

Quantifiable outcome

• Fast return-to-service for infrastructure coatings
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Carboline: Carboline is a specialty manufacturer of high-performance industrial protective coatings serving water, wastewater, oil & gas, and infrastructure markets. It directly competes with Raven across municipal wastewater lining systems and chemical-resistant epoxy products.
• Tnemec Company: Tnemec manufactures high-performance protective coatings specifically targeted at water and wastewater treatment facilities, manhole rehabilitation, and industrial infrastructure. It is one of the closest direct competitors to Raven's AQUATAFLEX and AQUATAPOXY product lines.
• Induron Protective Coatings: Induron is a specialty protective coatings manufacturer focused on water, wastewater, and potable water infrastructure applications. It competes directly with Raven in municipal utility linings and shares similar ANSI 61-certified product positioning.
• Sauereisen: Sauereisen produces specialty corrosion-resistant coatings, linings, and cementitious materials for wastewater treatment plants and industrial infrastructure. It directly overlaps with Raven's wastewater and secondary containment product lines.
• Belzona: Belzona produces polymer-based protective coatings and repair composites for industrial equipment, wastewater infrastructure, and secondary containment. It competes with Raven in chemical-resistant lining applications and shares a similar specialty niche positioning.

Broad incumbents

• PPG Protective and Marine Coatings: PPG's Protective and Marine Coatings division is the parent platform under which PPG RAVEN operates. While PPG RAVEN has a niche specialty identity, the broader PMC division offers a wide portfolio of industrial, marine, and infrastructure coatings that includes overlapping products and customers.
• Sherwin-Williams Protective and Marine: Sherwin-Williams' Protective and Marine segment is a large diversified manufacturer of industrial protective coatings serving infrastructure, water, and wastewater markets. It competes with Raven at the higher end and offers broader commoditized epoxy alternatives.
• AkzoNobel (International Paint): AkzoNobel's International Paint brand offers a broad protective coatings portfolio including water and wastewater infrastructure linings. As a global incumbent, it competes with Raven on major municipal and industrial projects, particularly in international markets where Raven does not operate.
• Jotun Protective Coatings: Jotun is a major global manufacturer of protective coatings serving offshore, oil & gas, and infrastructure markets. Its wastewater and chemical-resistant epoxy systems overlap with Raven's RAVEN 405 and AQUATAFLEX product categories.
• Hempel: Hempel manufactures protective and marine coatings for industrial infrastructure, including water and wastewater applications. As a global coatings incumbent, it competes with Raven on large-scale municipal and industrial lining projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/RavenLining
• LinkedInlinkedin.com/company/3630366

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raven Lining Systems