If you're talking about the old-school dunk-it-in-the-can stuff for tool handles; I would say that the barcons are an ideal application.
Just remember to do multiple coats for maximum durability. We use it at work on tools used on assembly lines, and it lasts for years, even at hundreds of cycles a day.

The spray-on stuff is similar, but the layers it makes are much thinner, and it's easier to remove.