I don't agree it's more durable. It's a tougher finish but extremely brittle and flakes easily. Paint is softer but sticks better.
Paint is more forgiving in the long run From my experience.
However I think the best overall is a painted base coat with a powdercoated lacquer works best.
Nitin.
Paint is wet and layered.
powdercoat is an electro staticly applied coloured plastic powder and gets baked at extremely high temps where us remounds and forms a tough plasticy finish. The finish can be extremely vivid.