Yeah externalities in particular, like with CFCs or tributyltin, mess up incentives. A lot of individual benefit can be derived from pushing costs onto the general world and when the cost is individually hard to observe and/or spread out over time/space but magnified across massive numbers in total it can go on a long time. That said sometimes it's only "temporary" (which granted can be years or decades) until R&D catches up and figures out alternatives that still work but are just plain better. Like:
>Any boat owner knows the increase in speed and fuel economy from a clean hull is massive - and now you can’t get anything nearly as effective as TBT.
As far as I know there's been a lot of interesting progress on alternatives in just the last decade, even if that's not at all evenly distributed yet. I remember reading "Fouling Release Coatings: A Nontoxic Alternative to Biocidal Antifouling Coatings" [0] a decade ago as an interesting overview, and looking around seems like there has been significant progress since then. Advances in fluoropolymer brushes [1] looks pretty promising for example. Some of these may be more costly, but again the issue with the originals being "cheaper" is that they don't actually price in their true costs.
That said it would probably be more effective if there was a solid international framework and norms so that bans could be better coupled with future capital support for transition to more effective options once they come out (or best of all of course if they already exist). Including dealing with incentives around IP. If some new non/low-toxicity coatings appear that is easy for rich country users to immediately apply but folks in the Caribbean can't afford saying not merely "TBT is banned" but "we'll arrange you to get this replacement for cheap/free" might significantly reduce/eliminate ban evasion.
0: https://pubs.acs.org/doi/10.1021/cr200350v | https://sci-hub.st/10.1021/cr200350v
1: https://pubs.acs.org/doi/10.1021/acs.langmuir.6b00695