Bakelite, is an ancient product. A thremoset plastic. Surly there is a modern material the will work. Nylon, polyester, ABS, PVC, polycarbonate, any of these and others will better serve you than Bakelite.
The modern material used for start/stop buttons looks just like bakelite. I wonder what it is? Bakelite was quite heat resistant, made good handles and buttons. I don't think it 'cold flowed' like so many modern handles do.