Actually, friction polish is the generic term for a finish that cures quickly with heat from friction. The most common examples are based on shellac, but it is possible for friction polishes to also be based on lacquer. Lacquer-based friction polishes tend to be much harder than shellac-based friction polishes. I have used lacquer-based friction polish on pens, and it holds up extremely well.
There is are several commercial lacquer-based friction polishes - William Woodright (in Canada) and PSI (in the US) both have a private-label version (which appears to actually be the same product), and I believe that the Behlen's brand friction polish contains lacquer rather than shellac.
I make my own lacquer-based friction polish - a 1:1:1 mixture of a pure drying oil (I prefer Tung oil but Boiled Linseed or Walnut oil would also work), whatever brand of brushing lacquer I can find at the hardware store, and generic lacquer thinner.