Teflon itself is actually a unique Fluorocarbon, but since you can't spread pure teflon on your car, whatever teflon there is in this substance would be applied via a water or petroleum base (wax or sealant). I would expect most of these to be hydrocarbon derived, but I would think it possible to be fluorocarbon based, as well. I know some ski waxes are fluorocarbon based.
I don't want to bash this product, because I really know nothing about it. Some people rave about the original Liquid Glass. However, their marketing tactics with this product leave me with a healthy dose of skepticism.