> Not even close
I've got a very fine Ford, but it is a tractor.
I've got a fine car, but it doesn't say Ford.
> Teflon is what makes non-stick pans
You pay to use the "Teflon" brand-name.
Pan-buyers want to see "Teflon".
Wire-buyers may be a bit more sophisticated, know that the stuff on the pans is PTFE, won't burn badly on the stove.
There are several forms of TFE/FEP insulation. Some must be applied over silver/nickel plate.
In the US, the Teflon brand is used to push wire; some of it not legally "Teflon".
Allied Wire pays to use "Teflon(R)" on their wire:
http://www.awcwire.com/mfg/belden/category/belden-teflon-hook-up-wire
Alpha Wire offers PTFE; however DigiKey buys Google Ad-Word "Teflon" to suck you in.
If you are building manned airplanes/spaceships, there will be specific grades or tests for insulation. PTFE is common, but it comes in several forms, and your inspectors will be fussy. Soften at 600 or 660? Out-gas enough to sicken you in a sealed cabin? Withstand jet-fuel or nitrobenzene washes?
Just frying-up radios and such, you got your PVC which melts like hard candle wax, and your "Teflon" (PTFE class) stuff which is much harder to melt. And Hoffman's Cloth push-pack, which looks and tastes just-like classic Fender wire, genuine mojo.
I have heard of Irradiated PVC but don't know how it compares. My thought is: PVC, PE, and TFE, you put bulk plastic beads in a hot die, pull and spool and ship. With Irradiated PVC you have to move the spooler back and put in this added machine covered with radiation warnings, diddle another dial so the stuff doesn't come out gummy or brittle. The stuff is made, but I can see why many wire-plants would prefer to avoid the process.
Which means for DIY and small-run building, you probably can't meet full-price minimum-orders, you should shop-around for surplus in back-alleys. Apex Jr is a well-known US wire dealer. eBay opens up the vast Asian odd-lot market (and uncertain quality).
It IS interesting that I can buy underground house wire (three #2 conductors that I can drive over) for about the same price/foot as far smaller #20 hookup in "Teflon".
> not the same.
Actually, most thermoplastics are closely related; but one different atom can make a significant change in user properties. Kinda like antibiotics: when we were younger there were about two basic antibiotics, but one-atom changes made real difference in action or toxicity (and patent income).