Polytetrafluoroethylene (PTFE) is a synthetic fluoropolymer of tetrafluoroethylene. It is known by the trade name as Teflon. Polytetrafluoroethylene, or PTFE, is made of a carbon backbone chain, and each carbon has two fluorine atoms attached to it. Polytetrafluoroethylene (PTFE) shows a remarkable chemical resistance and it is insoluble in all known solvents. It is attacked only by molten alkali metals and by fluorine at high temperatures. PTFE is incombustible and may be used up to 260Â°C (300Â°C for short periods). PTFE's coefficient of friction is extremely low and it shows the effect of self lubrication with constant mechanical properties which makes it particularly suitable for bearings, joints, O-rings, stirring bars, hazardous materials bottle pourers, syringes, crucibles, evaporating dishes etc. PTFE may be shaped by compression and sintering into bottles and beakers where its chemical stability and non-wettability make it suitable for use in extreme circumstances. It has an excellent resistance (no attack) to dilute and concentrated acids, alcohols, aldehydes, bases, esters, aliphatic, aromatic and halogenated hydrocarbons, ketones, mineral oils, vegetable oils and oxidizing agents. PTFE is used as a non-stick coating for pans and other cookware. It is very non-reactive, partly because of the strength of carbonâ€“fluorine bonds, and so it is often used in containers and pipe work for reactive and corrosive chemicals. Where used as a lubricant, PTFE reduces friction, wear, and energy consumption of machinery. PTFE is also used to treat carpets and fabrics to make them stain resistant. It can be used for making artificial body parts which is useful in medical applications. PTFE has varied uses in moulding and lining, in manufacture of bearings, compression rings, compressors, unsintered tapes and autoclave valves, seals and joints. PTFE is made from the monomer tetrafluoroethylene by free radical vinyl polymerization. The Indian demand for PTFE is around 3000 tonnes per annum and the Indian production is around 2250 tonnes per annum. The growth rate in demand through 2015 will be around 9 to 10% per annum. The global production for last year was 140,000 tonnes per annum and there is a good demand of this product all over the world due to its varied application. According to the present situation, new capacity creation can be thought of by new entrepreneurs.